A strange thing happened after Boeing announced Apr. 5 that it would slow production of new 737 narrowbodies to 42 aircraft a month from the current rate of 52 by the middle of April: Nobody else in the supply chain did the same. Despite what amounts to a 19% cut in production at the top, every major supplier—from aerostructures giant Spirit AeroSystems to engine-maker CFM International—says they are continuing at or near their current rates. “Spirit and Boeing have ...

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