Spirit AeroSystems in New 737 MAX Agreement With Boeing
January 30 2020 - 8:11AM
Dow Jones News
By Chris Wack
Spirit AeroSystems Holdings Inc. (SPR) said Thursday it has
reached an agreement with Boeing Co. (BA) relating to the 737 MAX
production rate.
Spirit said, under the agreement, it will restart production
slowly, ramping up deliveries throughout the year to reach a total
of 216 MAX shipsets delivered to Boeing in 2020.
Spirit said it doesn't expect to achieve a production rate of 52
shipsets a month until late 2022. The parties are continuing to
negotiate other terms.
Spirit said the rate agreement is based on several assumptions,
including Boeing's expected production rate and the successful
return of the 737 MAX to service. As previously disclosed, the 737
MAX contractual agreement is a requirements contract between Boeing
and Spirit and the rate may change at any time.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 30, 2020 07:56 ET (12:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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