Spirit AeroSystems Holdings Inc (SPR)

[I_banker]

Spirit AeroSystems, Boeing Reach Agreement to Support Production Stability

WICHITA, Kan., Oct. 18, 2023 /PRNewswire/ -- Spirit AeroSystems, Holdings Inc. [NYSE: SPR] announced today that its subsidiary, Spirit AeroSystems Inc., entered into a Memorandum of Agreement (MoA) with The Boeing Company. The agreement enables greater collaboration to achieve improved quality and higher deliveries in the future. "Boeing and Spirit will continue to work shoulder to shoulder to mitigate today's operational challenges," said Spirit AeroSystems.

Spirit AeroSystems logo. (PRNewsFoto/Spirit AeroSystems, Inc.) (PRNewsfoto/Spirit AeroSystems)

President and CEO Patrick M. Shanahan said: "Our collective teams will focus on further generating supply chain performance and resiliency. This united effort to synchronize our production systems will enable greater market responsiveness and delivery assurance."

The agreement strengthens the strategic relationship between Spirit and Boeing for the long-term to fulfill operational commitments and airline expectations.

On the web: www.spiritaero.com