Spirit said the move, which comes after Boeing said earlier this week it would halt production of the grounded jet in January, would hurt its financial condition and cash flow. “Because revenue from 737 aircraft components represents more than 50 percent of Spirit’s annual revenue, this suspension will have an adverse impact on Spirit’s business, financial condition, results of operations, and cash flows,” the company said. Spirit, which makes the MAX fuselage, pylons, thrust reverser, wing leading edges and engine nacelles, has continued to churn out parts for the jet at a rate of up to 52 units …read more
Source:: Yahoo Finance
