Shares of Spirit AeroSystems saw a boost on Wednesday following a report indicating that the company may not be accountable for the blown-out panel on a Boeing flight. Spirit AeroSystems stock rose 6.9% to $28.53 in afternoon trading, despite a 10% decline since the beginning of the year.
According to the Seattle Times, the responsibility for improperly installing the panel lies with Boeing mechanics, as suggested by a person familiar with the work. Additionally, an anonymous whistleblower claimed online that the panel had been removed for repairs and then reinstalled at Boeing's final assembly line.
The incident involving a blowout of a door plug on a Boeing 737 MAX 9 plane mid-flight prompted federal safety officials to include Spirit AeroSystems in the investigation. It was revealed that Spirit had produced the door plug in question. The Federal Aviation Administration is currently conducting a thorough investigation into the matter.
Boeing has previously placed the responsibility of installing door plugs in fuselages on Spirit AeroSystems, who then ships them to Boeing via rail.
SAP's Job-Cutting Plan and Profit Boost
Related Articles
![Recovering from a Bad Financial Planner](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Recovering from a Bad Financial Planner
Don't give up on professional financial guidance after a bad experience. Evaluate what went wrong and find an experienced and objective adviser to help you.
![Rite Aid: Another Addition to the Growing List of Bankrupt Companies in 2023](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Rite Aid: Another Addition to the Growing List of Bankrupt Companies in 2023
Rite Aid becomes another company to file for bankruptcy in 2023, highlighting the challenges faced by the retail industry. This article explores the reasons beh...
![Digital World Acquisition Delays Shareholder Vote for Merger with Trump Media & Technology Group](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Digital World Acquisition Delays Shareholder Vote for Merger with Trump Media & Technology Group
Digital World Acquisition (DWAC) has delayed its shareholder vote to extend the merger deadline with Trump Media & Technology Group. The vote has been reschedul...