Spirit AeroSystems shares are trading lower after the Boeing supplier notified Boeing of mis-drilled holes in 737 Max fuselages.
Portfolio Pulse from Benzinga Newsdesk
Spirit AeroSystems (SPR) shares dropped following the announcement that the company informed Boeing about mis-drilled holes in 737 Max fuselages, potentially affecting Boeing's production.
February 05, 2024 | 5:29 pm
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NEGATIVE IMPACT
Boeing may face production delays for its 737 Max aircraft due to mis-drilled holes in fuselages supplied by Spirit AeroSystems.
As the recipient of the flawed fuselages, Boeing is directly impacted by the production issues at Spirit AeroSystems. This could lead to delays in 737 Max production, affecting Boeing's delivery schedules and potentially its financial performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Spirit AeroSystems shares declined after notifying Boeing of production issues with 737 Max fuselages.
The announcement directly implicates SPR in a production flaw, likely leading to concerns about potential financial and reputational damage. This could negatively impact investor confidence and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90