Spirit Aerosystems Boeing Agreement

Spirit said that, as part of the deal, they will slowly resume production and increase deliveries later this year to reach a total of 216 max rates to Boeing in 2020. Spirit AeroSystems announced that it has reached an agreement with Boeing regarding the production rate of the 737 MAX. WICHITA, Kan., Jan. 30, 2020 /PRNewswire/ — Spirit AeroSystems [NYSE: SPR] announced today that it has entered into an agreement with Boeing on the production rate of the 737 MAX. As part of the deal, Spirit will slowly resume production and bring deliveries later this year to a total of 216 max rates to be delivered to Boeing in 2020. Spirit does not expect to reach a production rate of 52 shipsets per month by the end of 2022. The parties continue to negotiate other terms. [6] Spirit was created when Boeing Commercial Airplanes sold its Wichita division to investment firm Onex. Among the company`s main products are hulls, pylons, gondolas and wing components for the world`s leading aircraft. Spirit AeroSystems focuses on affordable and innovative solutions for the manufacture of composite materials and aluminum to help customers around the world. For more information, see www.SpiritAero.com. Some of the agreed ship sets — including the hull, pylon, fore-wing edges, thrust reversals and engine gondola of an aircraft — have already been delivered to Boeing this year, it was said. .

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