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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Boeing Co | NYSE:BA | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 3.32 | 1.88% | 180.0346 | 181.66 | 175.95 | 176.21 | 4,886,113 | 21:36:13 |
From May 2019 to May 2024
By Chris Wack
Spirit AeroSystems Holdings Inc. (SPR) said Thursday it has reached an agreement with Boeing Co. (BA) relating to the 737 MAX production rate.
Spirit said, under the agreement, it will restart production slowly, ramping up deliveries throughout the year to reach a total of 216 MAX shipsets delivered to Boeing in 2020.
Spirit said it doesn't expect to achieve a production rate of 52 shipsets a month until late 2022. The parties are continuing to negotiate other terms.
Spirit said the rate agreement is based on several assumptions, including Boeing's expected production rate and the successful return of the 737 MAX to service. As previously disclosed, the 737 MAX contractual agreement is a requirements contract between Boeing and Spirit and the rate may change at any time.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 30, 2020 07:56 ET (12:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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