Spirit AeroSystems News

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2024-05-16T03:16:02.028677-07:00

Concerns Mount Over Boeing's Acquisition of Spirit AeroSystems

Sen. Jerry Moran and defense officials are questioning the impact on defense programs and industrial base stability if Boeing proceeds with buying supplier Spirit AeroSystems.

2024-05-09T09:52:23.866838-07:00

Spirit AeroSystems Belfast Facility Faces Potential Dismantle, Industry Impact Warned

UK chair emphasizes the negative long-term implications for the region's aerospace sector amid proposals to dismantle the historic Boeing supplier in Belfast.

2024-05-09T01:20:30.442423-07:00

Spirit AeroSystems to Sustain Airbus Alliance Amid Boeing Acquisition Talks

Amid discussions for Boeing's potential acquisition of Spirit AeroSystems, CEO Patrick Shanahan assures continuity in their partnership with Airbus.

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Spirit AeroSystems News Timeline

2024-05-17T23:11:08.199377-07:002024-05-17T23:11:08.199377-07:00

Spirit AeroSystems to Lay Off 450 Workers Due to 737 MAX Production Slowdown

Spirit AeroSystems is cutting its workforce in Wichita by 450 employees as a result of reduced production rates for Boeing's 737 MAX. The layoffs come amid financial strains caused by higher inventories and lower manufacturing levels.

2024-05-16T12:14:00.921009-07:002024-05-16T12:14:00.921009-07:00

Spirit AeroSystems to Lay Off 400 Amid 737 MAX Production Slowdown

The slowdown in the delivery rate of commercial programs, particularly the 737 MAX, has led Spirit AeroSystems to reduce its workforce in Wichita. The layoffs follow earlier cutbacks in overtime and hiring.

2024-05-16T03:16:02.028677-07:002024-05-16T03:16:02.028677-07:00

Concerns Mount Over Boeing's Acquisition of Spirit AeroSystems

Sen. Jerry Moran and defense officials are questioning the impact on defense programs and industrial base stability if Boeing proceeds with buying supplier Spirit AeroSystems.

2024-05-09T09:52:23.866838-07:002024-05-09T09:52:23.866838-07:00

Spirit AeroSystems Belfast Facility Faces Potential Dismantle, Industry Impact Warned

UK chair emphasizes the negative long-term implications for the region's aerospace sector amid proposals to dismantle the historic Boeing supplier in Belfast.

2024-05-09T01:20:30.442423-07:002024-05-09T01:20:30.442423-07:00

Spirit AeroSystems to Sustain Airbus Alliance Amid Boeing Acquisition Talks

Amid discussions for Boeing's potential acquisition of Spirit AeroSystems, CEO Patrick Shanahan assures continuity in their partnership with Airbus.

2024-05-08T15:08:32.094840-07:002024-05-08T15:08:32.094840-07:00

Quality Concerns at Spirit AeroSystems Exposed by Whistleblower

Former quality manager Santiago Paredes reveals alarming insights into work practices at Boeing's supplier, Spirit AeroSystems, illuminating potential risks in aerospace manufacturing.

2024-05-08T07:30:18.954323-07:002024-05-08T07:30:18.954323-07:00

Spirit AeroSystems Enhances 737 Fuselage Inspection Protocol

A revised fuselage inspection process at Spirit AeroSystems, designed to improve readiness for increased 737 production rates, has temporarily affected deliveries.

2024-05-07T04:57:09.751979-07:002024-05-07T04:57:09.751979-07:00

Spirit Aero's Increased Cash Burn Tied to Reduced 737 Production

Due to FAA’s intensified quality inspections, Spirit AeroSystems confronts escalated cash burn, primarily driven by Boeing's decreased 737 MAX output below the regulatory ceiling.

2024-05-06T09:50:43.660757-07:002024-05-06T09:50:43.660757-07:00

Flydubai Raises Concern Over Boeing Delivery Delays Amid Supplier Acquisition

In the wake of Boeing's potential acquisition of Spirit AeroSystems, Flydubai's CEO voices apprehensions regarding ongoing delays in aircraft deliveries.

2024-05-02T16:10:08.345776-07:002024-05-02T16:10:08.345776-07:00

Airbus Seeks Compensation for Spirit AeroSystems Operations

In negotiations with Boeing, Airbus demands financial compensation to assume control of Spirit AeroSystems' loss-making activities.

2024-05-02T08:16:53.191505-07:002024-05-02T08:16:53.191505-07:00

Spirit AeroSystems Challenges Texas AG's Safety Investigation

In response to what it deems an unreasonable legal demand, Spirit AeroSystems has initiated legal action to prevent Texas AG Ken Paxton from accessing its internal documents.

2024-05-01T15:25:17.139593-07:002024-05-01T15:25:17.139593-07:00

Boeing Supplier Whistleblower Josh Dean Passes Away

Spirit AeroSystems whistleblower Joshua Dean, who spotlighted manufacturing defects, has died.

2024-05-01T14:44:32.718897-07:002024-05-01T14:44:32.718897-07:00

UK's Mosquito ACP Project Discontinued, Loss of Innovations

The cancellation of the UK's Mosquito ACP Project led to shelving advancements like a composite, single-piece main wing developed by Spirit AeroSystems.

2024-05-01T10:44:24.561007-07:002024-05-01T10:44:24.561007-07:00

Spirit Aero Enhances Boeing 737 MAX Parts Supply Plan

In response to production demands, Spirit AeroSystems innovates to assure alignment with Boeing's volume and quality requirements for 737 MAX components.

2024-04-30T11:55:38.068561-07:002024-04-30T11:55:38.068561-07:00

Spirit AeroSystems and Airbus Set for Takeover Negotiations in New York

Senior executives from Spirit AeroSystems Holdings Inc. and Airbus SE are to discuss the acquisition of crucial aircraft-manufacturing assets.

2024-04-29T13:02:12.200762-07:002024-04-29T13:02:12.200762-07:00

Wichita Machinists Elect New Leaders Amid Spirit AeroSystems' Transition

With leadership transitions, Spirit AeroSystems' largest labor union in Wichita, under new president since 2017, navigates potential organizational changes.

2024-04-25T17:18:28.693894-07:002024-04-25T17:18:28.693894-07:00

Boeing Aims to Secure Spirit AeroSystems Acquisition Prior to CEO Succession

In the midst of leadership transition, Boeing's outgoing CEO has made recommendations for his successor, highlighting the strategic importance of finalizing the Spirit AeroSystems deal.

2024-04-25T12:13:40.090623-07:002024-04-25T12:13:40.090623-07:00

Airbus Engages in Preliminary Discussions with Spirit AeroSystems for Future Collaboration

Airbus explores future collaboration possibilities with Spirit AeroSystems amid potential takeover scenarios, focusing on securing strategic work packages without revealing specific strategies.

2024-04-23T11:50:32.360612-07:002024-04-23T11:50:32.360612-07:00

Boeing Braces for Impact Amid Leadership and Acquisition Challenges

Amidst preparation for a challenging Q1 earnings report, Boeing grapples with strategic decisions surrounding a potential Spirit AeroSystems acquisition and the search for Dave Calhoun's successor.

2024-04-22T06:35:56.575634-07:002024-04-22T06:35:56.575634-07:00

Boeing Under Scrutiny: CEO Search & Spirit Negotiations Amid 737 MAX Downturn

Boeing braces for a rigorous Q&A in its upcoming results presentation, spotlighting CEO succession plans, ongoing discussions with Spirit AeroSystems, and the declining production pace of the 737 MAX, accompanied by an anticipated increase in cash-burn rate.

2024-04-12T13:12:42.513586-07:002024-04-12T13:12:42.513586-07:00

Spirit AeroSystems Curbs Overtime and Hiring Amid Boeing 737 MAX Production Slowdown

In response to decreased production rates of the Boeing 737 MAX, driven by intensified U.S. regulatory scrutiny and assembly line adjustments outside Seattle, Spirit AeroSystems is implementing workforce strategies including limited overtime and hiring freezes.

2024-04-11T10:46:43.800053-07:002024-04-11T10:46:43.800053-07:00

FAA Audit Unveils Unconventional Manufacturing Techniques at Spirit AeroSystems

A recent FAA audit has exposed Spirit AeroSystems' inventive use of Dawn soap and a hotel key card in its plane manufacturing processes, prompting discussions on methods and standards.

2024-04-11T06:48:10.569420-07:002024-04-11T06:48:10.569420-07:00

Airbus May Acquire Spirit AeroSystems Facilities Amid Boeing Negotiations

Airbus is considering the takeover of Spirit AeroSystems' operations in the U.S. and UK, contingent on Boeing's acquisition of the supplier, highlighting strategic shifts in aerospace manufacturing.

2024-04-10T09:47:41.075815-07:002024-04-10T09:47:41.075815-07:00

Leadership Transition at Spirit AeroSystems with New SVP of Quality

In a notable leadership shuffle, Spirit AeroSystems introduces a new Senior Vice President of Quality, intriguingly sharing the same surname as the outgoing executive.

2024-04-10T08:10:26.556256-07:002024-04-10T08:10:26.556256-07:00

Hexcel Corp. Faces Turbulence: Boeing Supplier's Stock Nosedives Amid CEO Controversy

Amid concerns from Wall Street, Hexcel Corp.'s recent CEO appointment has led to the most significant stock plunge in four years, highlighting uncertainties in leadership affecting critical Boeing supplier.

2024-04-09T13:20:37.676468-07:002024-04-09T13:20:37.676468-07:00

Thomas Gentile III Takes Helm as Hexcel's New President and CEO

Thomas Gentile III steps into his new role as President and CEO of Hexcel, following Nick Stanage, who transitions to Executive Chairman until 2024.

2024-04-04T09:16:13.309905-07:002024-04-04T09:16:13.309905-07:00

Boeing and Airbus Eye Division of Spirit AeroSystems Amid Supplier Struggle

In a move to secure their supply chain, Boeing and Airbus are nearing a deal to split the operations of Spirit AeroSystems, focusing on divisions that bolster their primary jet programs.

2024-03-28T19:09:59.096246-07:002024-03-28T19:09:59.096246-07:00

Texas AG Probes Spirit AeroSystems Over Boeing Part Safety Concerns

The Texas Attorney General initiates an investigation into Spirit AeroSystems amidst allegations of repeat issues with components supplied to Boeing, raising safety alarms.

2024-03-24T14:21:25.809397-07:002024-03-24T14:21:25.809397-07:00

Airbus Eyeing Spirit AeroSystems Assets Amid Boeing Acquisition Speculations

In a strategic move, Airbus displays interest in acquiring parts of Spirit AeroSystems, leveraging a potential shift in aviation manufacturing dynamics as Boeing contemplates buying the supplier.

2024-03-21T02:25:35.496516-07:002024-03-21T02:25:35.496516-07:00

Boeing to Reacquire Spirit AeroSystems in Quality and Safety Drive

Boeing plans to reacquire supplier Spirit AeroSystems, which it spun off in 2005, aiming to enhance safety and quality. This move involves cash and debt financing, part of Boeing's strategic shift to solidify its supplier network.

2024-03-20T07:30:38.963246-07:002024-03-20T07:30:38.963246-07:00

Spirit AeroSystems Sees Varied Stock Performance Amid Boeing Deal Commentary

Spirit AeroSystems' stock reacts to varying factors: rising 6% following positive Boeing re-combination comments and experiencing pressure after an Alaska Airlines incident.

2024-03-19T16:11:45.916527-07:002024-03-19T16:11:45.916527-07:00

Boeing Considers Exiting Airbus Contracts in Spirit AeroSystems Acquisition Strategy

Boeing explores restructuring options for Spirit AeroSystems to minimize or end its engagements with Airbus, aiming to eliminate conflicts in its bid to acquire the supplier.

2024-03-18T11:00:21.601766-07:002024-03-18T11:00:21.601766-07:00

Boeing's Potential Acquisition of Spirit AeroSystems: Job Security Questions Arise

Industry experts discuss the future of Wichita operations and job retention amidst Boeing's contemplation of reacquiring Spirit AeroSystems.

2024-03-15T21:00:30.094572-07:002024-03-15T21:00:30.094572-07:00

Spirit AeroSystems Partners with Astraius to Advance UK's Satellite Launch Capabilities

A new partnership between Spirit AeroSystems and Astraius aims to elevate satellite launch operations at Prestwick Spaceport, marking a significant step for the UK's aerospace ambitions.

2024-03-15T12:54:13.678247-07:002024-03-15T12:54:13.678247-07:00

Spirit AeroSystems to Develop High-Speed Wing for DARPA Initiative

In a pioneering DARPA program, Spirit AeroSystems has been selected to craft and evaluate an innovative, large wing designed for future high-speed aircraft applications.

2024-03-15T10:04:37.934481-07:002024-03-15T10:04:37.934481-07:00

Boeing Explores Merger with Spirit AeroSystems to Transform Supply Chain

In a strategic move, Boeing and Spirit AeroSystems are discussing a merger, with the potential to significantly alter the aerospace industry's global supply chain landscape.

2024-03-14T19:20:19.290628-07:002024-03-14T19:20:19.290628-07:00

Lawsuits Multiply Over Fuselage Blowout on Alaska Airlines 737

In the aftermath of a January incident where a Boeing 737 operated by Alaska Airlines suffered a fuselage blowout, a growing number of passengers, including one crediting a seatbelt for saving their life, have initiated legal action.

2024-03-12T13:13:37.779659-07:002024-03-12T13:13:37.779659-07:00

Boeing To Implement Changes Following Negative Government Audit Results

In reaction to a U.S. government audit that criticized manufacturing quality, Boeing has committed to modifying its manufacturing procedures and enhancing employee training for compliance.

2024-03-12T08:52:32.753182-07:002024-03-12T08:52:32.753182-07:00

FAA Audit Exposes Non-standard Manufacturing Practices at Spirit AeroSystems

In a series of FAA audits, Spirit AeroSystems was found utilizing unconventional materials like dish soap and hotel key cards in the production of 737 Max door seals, raising concerns over compliance and quality control.

2024-03-11T19:44:21.533735-07:002024-03-11T19:44:21.533735-07:00

FAA Identifies Multiple Failures in Boeing 737 Max Audits

During FAA's examination following a panel detachment on an Alaska Airlines jet, Boeing's 737 Max production was found deficient in 33 out of 89 audits.

2024-03-10T20:26:54.861715-07:002024-03-10T20:26:54.861715-07:00

Boeing Acquisition Talks Impact Belfast's Spirit Aerosystems Plant

The potential acquisition of Spirit Aerosystems by Boeing brings uncertainty to the future of Airbus' composite wing production in Belfast, highlighting the interconnectedness of major aerospace manufacturers.

2024-03-07T15:24:24.861149-08:002024-03-07T15:24:24.861149-08:00

Boeing Eyes Potential Acquisition of Spirit AeroSystems

Amid industry speculation, Boeing is in discussions with Spirit AeroSystems regarding a possible merger, highlighting the complexities of such aerospace consolidations.

2024-03-06T14:55:41.359920-08:002024-03-06T14:55:41.359920-08:00

Boeing Mulls Acquisition of Spirit AeroSystems, Wichita Unions Seek Clarity

In Wichita, union members are keenly seeking explanations on the ramifications of a potential acquisition of Spirit AeroSystems by Boeing for their employment and future.

2024-03-06T09:25:24.598333-08:002024-03-06T09:25:24.598333-08:00

Boeing Faces NTSB Criticism Over Incomplete Cooperation in 737 MAX 9 Incident Investigation

The NTSB has publicly rebuked Boeing for its lack of full cooperation by not providing crucial documents and information in the investigation of a door plug failure on an Alaska Airlines 737 MAX 9 in January.

2024-03-06T08:48:19.005829-08:002024-03-06T08:48:19.005829-08:00

Boeing to Acquire Spirit AeroSystems to Enhance Manufacturing Oversight

In a strategic move following a January safety incident, Boeing is set to acquire Spirit AeroSystems, aiming to bolster its manufacturing process oversight.

2024-03-04T15:51:16.120207-08:002024-03-04T15:51:16.120207-08:00

Boeing Considers Acquisition of Major Supplier Spirit AeroSystems

In a move that could reshape the aerospace industry, Boeing is reportedly exploring the purchase of Spirit AeroSystems, Wichita's largest employer with 12,900 staff.

2024-03-04T11:12:30.633284-08:002024-03-04T11:12:30.633284-08:00

FAA Audit Reveals Boeing and Spirit AeroSystems' Quality Control Failings

An FAA audit identified significant compliance failures with quality control standards at Boeing and Spirit AeroSystems, highlighting manufacturing defects.

2024-03-04T11:04:46.001497-08:002024-03-04T11:04:46.001497-08:00

Boeing Seeks Acquisition of Spirit AeroSystems to Address Quality and Safety

In a move to bolster quality control and address safety concerns, Boeing is in preliminary talks for a possible reacquisition of Spirit AeroSystems, following incidents that highlighted safety issues.

2024-03-04T05:42:38.471521-08:002024-03-04T05:42:38.471521-08:00

JetBlue Calls Off $3.8 Billion Merger with Spirit Airlines

Following a federal court's objection, JetBlue Airways officially ends its bid to merge with Spirit Airlines, halting the major consolidation attempt.

2024-03-01T17:35:56.883207-08:002024-03-01T17:35:56.883207-08:00

Spirit AeroSystems Negotiating A220 Wing Plant Sale with Both Boeing and Airbus

In a pivotal move for the aerospace supply chain, Spirit AeroSystems is concurrently engaged in strategic discussions with Boeing and Airbus regarding the potential sale of its A220 wing manufacturing facility.