Spirit AeroSystems Stock Falls After Boeing Issues
April 14 2023 - 10:29AM
Dow Jones News
By Will Feuer
Shares of Spirit AeroSystems Holdings Inc. fell after the
company said it was the supplier responsible for incorrectly
installed parts that prompted Boeing Co. to pause deliveries of
some 737 MAX jets.
The stock fell almost 18% to $29.31 a share in morning trading.
Over the past 12 months, shares are down about 37%.
On Thursday, Boeing said it was notified by a supplier of "a
nonstandard manufacturing process" used to install two fittings at
the rear of the plane. Spirit AeroSystems said it was the
supplier.
Boeing shares were recently down by more than 6% at $199.97.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
April 14, 2023 10:14 ET (14:14 GMT)
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