Boeing holds discussions to acquire supplier Spirit AeroSystems
With Spirit AeroSystems under scrutiny for 737 Max manufacturing issues, Boeing is considering buying back its former aerostructures unit.
Source | Getty Images
According to a Wall Street Journal report, Boeing is in preliminary discussions to reacquire Spirit AeroSystems (Wichita, Kan., U.S.), a move that would reclaim control of its struggling former aerostructures unit that has been the center of numerous quality issues affecting the 737 Max.
Discussions were later confirmed on March 1 by both aerospace entities, with Boeing stating, “We have been working closely with Spirit AeroSystems and its leadership to strengthen the quality of the commercial airplanes that we build together.”
Spirit was created in 2005 when Boeing sold some of its plants in a push to focus on final assembly. In addition to struggling financially for many years, the aerospace company “has been plagued by production problems and quality lapses,” exemplified by the Alaska Airlines door-plug blowout back in January. Both Spirit and Boeing have come under increasing pressure from airline customers and federal regulators alike.
Wall Street notes that “Spirit has hired bankers to explore strategic options and has had preliminary discussions with its former owner, according to people familiar with the matter. The talks may not result in a deal.” Nevertheless, the Federal Aviation Administration (FAA) has given Boeing 90 days to come up with a quality-improvement plan.
Read the .
Related Content
-
Plant tour: Aernnova Composites, Toledo and Illescas, Spain
RTM and ATL/AFP high-rate production sites feature this composites and engineering leader’s continued push for excellence and innovation for future airframes.
-
A new era for ceramic matrix composites
CMC is expanding, with new fiber production in Europe, faster processes and higher temperature materials enabling applications for industry, hypersonics and New Space.
-
Plant tour: Airbus, Illescas, Spain
Airbus’ Illescas facility, featuring highly automated composites processes for the A350 lower wing cover and one-piece Section 19 fuselage barrels, works toward production ramp-ups and next-generation aircraft.