Boeing's key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on Friday. Boeing's MAX jetliner production has fallen sharply in recent weeks as U.S. regulators step up factory checks and workers slow the assembly line outside Seattle to complete outstanding work. Boeing's deliveries dropped by half in March from a year ago as it deals with a sprawling crisis triggered by the Jan. 5 Alaska Airlines midair...

A Senate subcommittee is set to hold a hearing next week to examine Boeing's (BA) safety culture. This comes after airlines reported numerous safety incidents in relation to the company's Boeing 737 MAX jet line. Melius Research Managing Director of Aerospace, Defense & Space Robert Spingarn joins Market Domination to provide insight on the upcoming hearing, Spingarn hones in on cultural issues within the company, noting the "distance" between the factory floor and executives. The divide was int...

The head of Airbus told Reuters it is "not unlikely" that the European planemaker takes control of two U.S. and UK plants run by Spirit Aerosystems if Boeing goes ahead with plans to buy one of the industry's key suppliers. But Chief Executive Guillaume Faury said it was up to Boeing to fine-tune its intentions - having changed the status quo with a surprise plan to buy back its former unit - and Airbus would have a "word to say" about where the two factories ended up. The fate of the plants ...

(Bloomberg) -- Hexcel Corp.’s shares tumbled the most in four years after the company appointed a CEO who recently resigned as the head of Spirit AeroSystems Holdings Inc., a rival supplier under scrutiny for manufacturing quality issues.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Sees Missile Strike on Israel By Iran, Proxies as ImminentUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 Minute

While it may not be enough for some shareholders, we think it is good to see the Spirit AeroSystems Holdings, Inc...

Boeing is on track to stabilize its finances, but new leadership, a potential acquisition, labor negotiations and tougher regulatory oversight over its quality controls and production could add uncertainty to its efforts.

A failed experiment might soon be coming to a close.

Boeing and Airbus are edging towards a potentially coordinated deal to split operations of troubled supplier Spirit AeroSystems, taking on plants needed to support their top jet programs, people familiar with the matter said. If successful, any agreement involving the two aerospace giants would end Boeing’s 20-year effort to farm out key elements of its production process as it grapples with a sprawling crisis that erupted after a January mid-air panel blowout on a 737 MAX plane. But in order ...

(Reuters) -Proxy advisory firm Glass Lewis has recommended that Spirit AeroSystems shareholders vote against the election of two directors, including the head of the aero parts supplier's risk committee, Ronald Kadish, at next month's annual meeting. Spirit and its biggest customer Boeing have come under regulatory and investor scrutiny following a Jan. 5 mid-air cabin panel blowout on a Boeing 737 MAX 9 jet, the fuselage for which was made by Spirit. The Federal Aviation Administration said l...

Proxy advisory firm Glass Lewis has recommended that Spirit AeroSystems shareholders vote against the election of two directors, including the head of the aero parts supplier's risk committee, Ronald Kadish, at next month's annual meeting. Spirit and its biggest customer Boeing have come under regulatory and investor scrutiny following a Jan. 5 mid-air cabin panel blowout on a Boeing 737 MAX 9 jet, the fuselage for which was made by Spirit. The Federal Aviation Administration said last month i...