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Bombardier Affirms Quality And Performance Of Aerostructures Produced By Spirit Aerosystems
(RTTNews) - Bombardier, Inc. (BBD-B.TO) announced Tuesday it expects its supply contracts to be maintained to the highest standards of quality and performance.
The company remains actively engaged with Spirit AeroSystems Holdings Inc. (SPR) as part of ordinary course of business under existing contracts.
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Spirit Aero Stock Up As Boeing To Buy Majority Stake, Airbus Select Assets
Aerospace and defence major Boeing Co. has agreed to buy majority of its key supplier Spirit AeroSystems in an all-stock deal at an equity value of around $4.7 billion, or $37.25 per share. The total transaction value is around $8.3 billion, including Spirit's last reported net debt. Boeing's acquisition will include substantially all Boeing-related commercial operations...
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422 days ago
Spirit Aero Stock Dips On Reports Of Boeing Changing Terms Of Acquisition Offer
Spirit AeroSystems shares were losing more than 5 percent in morning trade on the NYSE after Bloomberg reported that Boeing Co. changed the acquisition terms to stock offer from cash offer. Boeing has now offered to buy its key supplier Spirit AeroSystems Holdings Inc. for about $35 per share in a mostly stock deal, Bloomberg reported citing people familiar with the matter.
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428 days ago
FAA's Boeing, Spirit Audit Finds Multiple Quality Issues, Hits 737 MAX Production
The Federal Aviation Administration or FAA announced that its production audit of Boeing Co. and Spirit AeroSystems, following the January 5 incident involving a new, Boeing 737-9 MAX aircraft, identified multiple quality control lapses. The FAA has halted production expansion of the Boeing 737 MAX with a view to holding Boeing accountable for its production quality issues.
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540 days ago
Spirit AeroSystems Inks Deal With Boeing To Support Production Stability
Spirit AeroSystems, Holdings Inc. (SPR) announced Wednesday that its subsidiary, Spirit AeroSystems Inc., entered into a Memorandum of Agreement (MoA) with The Boeing Co. (BA).
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679 days ago
Spirit AeroSystems To Suspend Factory Operations; Stock Down 9%
Aerostructure manufacturer Spirit AeroSystems Holdings, Inc. (SPR) announced on Thursday that it will suspend factory operations prior to contract expiry.
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797 days ago
Boeing 737 Max Production And Deliveries To Hit By Parts Issue; Stock Down
Boeing Co. has warned that production and deliveries of 737 Max, its best-selling planes, will be reduced in the near term due to issues with parts supplied by Spirit AeroSystems, reports said. The problem comes at a time when the airlines worldwide are experiencing a rebound in operations amid the peak travel season. The expected pause in production, amid an industry-wide shortage of new jets...
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866 days ago
Singapore Stock Market May Extend Wednesday's Gains
The Singapore stock market bounced higher again on Wednesday, one day after snapping the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,245-point plateau and it may pick up steam on Thursday.
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15 minutes ago
Malaysia Bourse May Add To Its Winnings On Thursday
The Malaysia stock market rebounded on Wednesday, one day after ending the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it's expected to open in the green again on Thursday.
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45 minutes ago
