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Those activities include production of A350 fuselage sections in Kinston, North Carolina, and St. Nazaire, France, and A220 wings and mid-fuselage in Belfast, United Kingdom, Airbus said in its ...
Boeing has said it would buy back its former subsidiary Spirit Aero, which is a critical supplier to Boeing, for $4.7 billion in stock. Spirit Aero also produces key parts for some Airbus jets ...
(Reuters) -Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn ...
Spirit's primary competitors in the aerostructures market include Collins Aerospace, Kawasaki Heavy Industries, Leonardo, and Triumph Group. Spirit AeroSystems was established in 2005 when Boeing spun-off its Wichita division to an investment firm. Boeing entered into an agreement to re-acquire Spirit in July 2024 for $4.7 billion.
About 70% of Spirit AeroSystems' revenue last year came from work done for Boeing, according to Spirit's latest annual report. That is up from 60% two years earlier. Most of the company's other ...
Spirit projected in the filing a write-off of more than $100 million for losses in the third quarter on the Boeing 787 and Airbus A350 jet programs, citing higher supply chain and labor costs.
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the ...
Stelia Aerospace (stylized STELIA Aerospace) is an aerospace company headquartered in Toulouse, France. [3] It specializes in designing and manufacture of aerostructures, pilot seats and premium class passenger seats, mainly for the commercial aviation sector.