Business

Boeing wants to buy back the company that builds the body of its troubled Max planes

1 Mins read

Boeing said it is in talks to buy Spirit AeroSystems, a major supplier that was part of Boeing until a 2005 sale, and one that was also involved in the Alaska Air doorplug incident.

Boeing sold Spirit in 2005, receiving $900 million in cash for the sale. Spirit AeroSystems, which is based in Wichita, Kansas, makes major parts of several Boeing models, including the fuselages for the 737 Max. The parts are then shipped to Boeing’s factory in Washington state via rail.

Spirit has had its own series of quality control issues in recent years that has caused problems for Boeing, and forced Boeing to agree to give it an extra $60 million in revenue for the last year in 2024 and 2025.

This is a developing story and will be updated.

Read the full article here

Related posts
Business

Texas flash flood claims at least 27 lives

2 Mins read
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. At least…
Business

US threatens EU with 17% tariff on food exports

2 Mins read
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world…
Business

House of Representatives approves ‘big beautiful bill’ in victory for Donald Trump

3 Mins read
Donald Trump has secured passage of his flagship tax and spending legislation after the House of Representatives approved the bill, handing the…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *