Boeing previously owned Spirit AeroSystems, and the purchase would reverse a longtime Boeing strategy of outsourcing key work on its passenger planes
By Associated PressFILE - The Spirit AeroSystems sign is pictured, July 25, 2013, in Wichita, Kan. Boeing announced plans late Sunday, June 30, 2024, to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm.
Boeing previously owned Spirit, and the purchase would reverse a longtime Boeing strategy of outsourcing key work on its passenger planes. That approach has been criticized as problems at Spirit disrupted production and delivery of popular Boeing jetliners including 737s and 787s. No one was seriously injured in the Alaska Airlines door incident, which terrified passengers, but Boeing is under pressure from the U.S. Justice Department to plead guilty to criminal fraud in connection with two deadly plane crashes involving its 737 Max jetliners more than five years ago.
Boeing spun off Spirit, which is based in Wichita, Kansas, and not related to Spirit Airlines, in 2005. In recent years, quality problems have mounted, including fuselage panels that didn’t fit together precisely enough and holes that were improperly drilled. Spirit said in May that it was laying off about 450 workers at its Wichita plant because of a production slowdown since the January incident. Its total workforce was just over 13,000 people.
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