Howmet Aerospace has eight mostly smaller manufacturing plants that are closed because of the coronavirus, the company’s chief executive said late April 14, and more were shuttered in March when the Pittsburgh-based supplier was still part of Arconic.
Spirit AeroSystems—the primary supplier to Boeing including for much of the 737 MAX and which does substantial defense industry work—warned Wall Street on April 14 it will record a roughly $160 million loss for the recently ended first quarter of 2020, as well as a pretax loss of around $102 million.
Where can companies get emergency cash? What are eligibility requirements? What about the regulations? Here's our list of links to the best information our editors have found.
Boeing’s suspension of aircraft production at its major Puget Sound and Moses Lake, Washington, campuses has been extended “until further notice,” the OEM said April 5.
Astronics, the already embattled provider of aircraft seat technology and other interior products, is “adjusting its workforce” to align with a dropoff in demand due to the coronavirus and sudden economic slowdown.