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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.
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 ...
(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 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.
Spirit AeroSystems, which is based in Belfast, Northern Ireland, was the aircraft's prime contractor and full-scale flight trials were planned for 2023. On 24 June 2022, the UK Ministry of Defence announced the cancellation of Project Mosquito, explaining that there were more beneficial capability and cost-effectiveness in smaller "additive ...
As the Boeing Company (NYSE:BA) strike drags on, Spirit Aerosystems Holdings, Inc. (NYSE:SPR) faces tough choices ahead, including the looming threat of layoffs and extended furloughs. On Friday ...