Listen to any senior executive at the top of the commercial aircraft supply chain and it won’t take long to hear concerns about struggles going on downstream.
The oversized fastener holes are the result of an incorrect process at Spirit AeroSystems, which says it is working with Boeing to correct the 737 issue.
While the issue disrupted deliveries to Boeing and impacted revenues, negative impacts will be partially offset by Spirit’s accelerating 737 production line.
The airframer is back to generating cash and on the way to meeting key promises to investors, citing growing stability in its commercial aircraft programs
The LCC had been planning to have all its new aircraft for summer 2024 in place by April 2024, but this timeline has now been pushed back to June 2024.
While the labor stoppage was resolved and aircraft production returned July 5, the strike’s effects may reverberate for a while, including in unsuspecting ways.
The crisis has passed, but effects of the labor stoppage in Wichita are still emerging. Empowered unions, higher prices and less outsourcing are likely results.
Union leaders say the agreement offers substantial wage increases, maintains healthcare plan benefits the membership insisted on, and no mandatory overtime.
Spirit AeroSystems union workers may strike, saying the Tier 1 supplier's last offer "is unacceptable," with industry experts warning action could be painful.
Spirit AeroSystems Chief Procurement Officer Alan Young revealed to ShowNews in Paris that the company is leaving some capacity in its fabrication capabilities.
