Spirit AeroSystems Announces 737 MAX Production Agreement with Boeing
WICHITA, Kan., Jan. 30, 2020 /PRNewswire/ -- Spirit AeroSystems [NYSE: SPR] announced today that it reached an agreement with Boeing relating to the 737 MAX production rate. Under the agreement, Spirit will restart production slowly, ramping up deliveries throughout the year to reach a total of 216 MAX shipsets delivered to Boeing in 2020. Spirit does not expect to achieve a production rate of 52 shipsets per month until late 2022. The parties are continuing to negotiate other terms.
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.
On the web: www.spiritaero.com
On Twitter: @SpiritAero
About Spirit AeroSystems Inc.
Spirit AeroSystems designs and builds aerostructures for both commercial and defense customers. With headquarters in Wichita, Kansas, Spirit operates sites in the U.S., U.K., France and Malaysia. The company's core products include fuselages, pylons, nacelles and wing components for the world's premier aircraft. Spirit AeroSystems focuses on affordable, innovative composite and aluminum manufacturing solutions to support customers around the globe. More information is available at www.SpiritAero.com.
Spirit AeroSystems
CONTACT: Media: Keturah Austin, (316) 523-2611, keturah.austin@spiritaero.com, or Investor Relations: Ryan Avey, (316) 523-7040, ryan.d.avey@spiritaero.com
Web Site: www.spiritaero.com
