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-0.000641848523748382 -0.00224646983311939 -0.00320924261874191 -0.00513478818998717 0.00128369704749688 -0.00513478818998717 -0.00465340179717585 -0.00882541720154039
Stock impact report

Aero suppliers Hexcel and Woodward scrap deal as coronavirus pummels industry [Reuters]

Hexcel Corporation (HXL) 
Last hexcel corporation earnings: 2/3 04:10 pm Check Earnings Report
Company Research Source: Reuters
Aero suppliers Hexcel and Woodward scrap deal as coronavirus pummels industry (Reuters) - Aircraft parts suppliers Hexcel Corp ( HXL.N ) and Woodward Inc ( WWD.O ) on Monday abandoned their planned $6.4 billion all-stock merger, the first major deal to fall through in an industry battered by coronavirus-led lockdowns around the world. The companies agreed to the deal in January against the backdrop of Boeing Co ( BA.N ), Woodward’s biggest client and Hexcel’s second-largest customer, struggling with the grounding and later production halt of the 737 MAX jet. The virus outbreak has since compounded the problems for the suppliers, as Boeing extends production shutdowns to other planes and Airbus SE ( AIR.PA ) considers a sharp cut in output of its top-selling A320 plane series due to airlines deferring deliveries amid a cash crunch from plummeting travel demand. Given the crisis in the airline industry, the deal did not make sense to either company, and shareholders would have bl Show less Read more
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