Market Chatter: Spirit AeroSystems to Begin Furloughs in 3 Weeks Over Boeing Strike

MT Newswires Live09-26 19:42

Spirit AeroSystems (SPR), Boeing's (BA) fuselage supplier for the 737 Max, could begin furloughing employees in three weeks if the aerospace company fails to end a strike in Washington state, the Financial Times reported Thursday, citing an industry source.

For now, the company is using the labor stoppage at Boeing to catch up on orders that are behind schedule but that could change if the strike stretches into late October, the report said.

The FT report cited industry experts as saying the strike will impact other aerospace-related firms in Boeing's supply chain.

Spirit AeroSystems and Boeing did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 33.40, Change: +0.56, Percent Change: +1.71

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