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0 0 0.000349833828931271 -0.00623870328260739 -0.0055973412629 0.000699667657862542 0.000524750743396906 0.000349833828931271
Stock impact report

Spirit AeroSystems says it has a new plan to address Boeing 737 MAX parts demand [Globe and Mail, The (Toronto, Canada)]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Boeing is pressing Spirit Aero, its key supplier, to improve the quality of the fuselages it produces for the MAX at a higher rate for the second half of 2024. Boeing is in talks to tie-up with Spirit, which reports earnings on May 7. “We've developed a plan that we believe affords us a high degree of confidence that we will meet Boeing's demand rate and quality expectations,” said Spirit Aero spokesperson Joe Buccino. Boeing declined comment. The planemaker is taking a calculated risk in steadily buying parts from its suppliers to protect its supply chain, despite lower deliveries. The higher spend is pressuring its finances while it is producing well below the U.S. Federal Aviation Administration (FAA) cap of 38 MAX jets a month. Ratings agencies last week slashed the outlook on Boeing's credit to just above “junk” status after it burned $3.9 billion in free cash during the first quarter and as it faces looming bond maturities in 2025 and 2026. The company secured additio Show less Read more
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