While aerospace and defense companies have lately enjoyed an embarrassment of riches in demand, that has exposed severe weaknesses in their ability to execute.
As Boeing plans to acquire the majority of Spirit AeroSystems, with some parts carved out by Airbus, change is coming to the supplier's aftermarket business.
Spirit plans to divest of its Belfast operations as it works to carve up its worldwide operations amid a $8.3 billion transaction with Boeing and Airbus.
Despite strong demand for new commercial aircraft, supply chain woes are forcing Airbus to delay rate targets and may make it sell parts of the space business.
The FAA’s increased inspections, audits and production limit put in place at Boeing following January’s 737-9 door plug panel blowout will remain in place.
Prosecutors said Boeing breached obligations under the agreement, failing to design and enforce compliance to ward off future violations of U.S. fraud laws.
