{"id":14390,"date":"2024-04-24T10:30:51","date_gmt":"2024-04-24T05:00:51","guid":{"rendered":"https:\/\/bigbreakingwire.in\/boeing-and-spirit-aerosystems-forge-425-million-deal-amidst-production-challenges-and-acquisition-talks\/"},"modified":"2024-04-24T10:30:51","modified_gmt":"2024-04-24T05:00:51","slug":"boeing-and-spirit-aerosystems-forge-425-million-deal-amidst-production-challenges-and-acquisition-talks","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/boeing-and-spirit-aerosystems-forge-425-million-deal-amidst-production-challenges-and-acquisition-talks\/","title":{"rendered":"Boeing and Spirit AeroSystems Forge $425 Million Deal Amidst Production Challenges and Acquisition Talks"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Boeing and Spirit AeroSystems have struck a $425 million deal to tackle Spirit&#8217;s inventory challenges and cash flow issues. This move comes as the U.S. aviation regulator imposes restrictions on 737 MAX production.<br><br>The agreement aims to help Spirit maintain production levels to meet Boeing&#8217;s contractual obligations while enhancing quality, stabilizing operations, and ensuring customer satisfaction.<br><br>Boeing&#8217;s interest in reacquiring Spirit, its former subsidiary, is driven by the need to enhance quality control and tighten oversight of its manufacturing supply chain.<br><br>Negotiations for Boeing to reacquire Spirit have been complicated by discussions on pricing for factories that produce components for both Boeing and Airbus.<br><br>Spirit AeroSystems, a key player in Boeing&#8217;s supply chain, faces scrutiny from federal regulators over production quality and readiness issues, prompting Boeing to explore closer collaboration options.<br><br>As part of the agreement, Spirit will provide Boeing with weekly financial updates to ensure transparency and address any potential concerns.<br><br>The collaboration will assist Spirit in managing its cash-strapped situation, as the company considers selling some manufacturing complexes to Airbus.<br><br>Both Boeing and Spirit remain committed to reaching an agreement despite ongoing complexities and potential obstacles.<br><br>The completion of the deal is anticipated to benefit Boeing in the long term by enhancing quality, stabilizing operations, and reducing dependence on external suppliers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boeing and Spirit AeroSystems have struck a $425 million deal to tackle Spirit&#8217;s inventory challenges and cash flow issues. This move comes as the U.S.&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,618,31,616,619,1,39],"tags":[3567,3570,1854,2429,1075,3569,3574,2328,3364,3572,3573,3568,3576,3575,3571,1852,2268,1150],"class_list":["post-14390","post","type-post","status-publish","format-standard","hentry","category-bigbreakingnow","category-brokerage-reports","category-business","category-stock-in-news","category-stocks-in-news","category-tech","category-world","tag-425-million-deal","tag-737-max-production","tag-acquisition-talks","tag-airbus","tag-boeing","tag-cash-flow-problems","tag-cash-strained-situation","tag-collaboration","tag-commitment","tag-federal-regulators","tag-financial-updates","tag-inventory-issues","tag-long-term-benefits","tag-manufacturing-complexes","tag-production-quality","tag-spirit-aerosystems","tag-supply-chain","tag-transparency","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3K6","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=14390"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14390\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=14390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=14390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=14390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}