Spirit AeroSystems Shares Plunge 20% on Boeing 737 Issues 
<p><a href='https://financialmodelingprep.com/financial-summary/SPR'>Spirit AeroSystems (NYSE:SPR)</a> shares dropped more than 20% after it identified a quality issue affecting near-term deliveries of certain Boeing 737 models. According to Boeing, a non-standard manufacturing process was used during the installation of two fittings in the aft fuselage section of some 737-7, 737-8, 737-8-200, and P-8 planes, creating the potential for non-conformance to required specifications. </p>
<p>The quality issue that has been identified by Spirit AeroSystems will impact a significant number of undelivered Boeing 737 MAX planes, including those currently in production and storage. It is also expected to cause delays in upcoming deliveries.</p>
<p>Spirit is currently working on an inspection and repair solution. Bernstein believes the issue is a bigger problem for Spirit than for Boeing.</p>

NYSE:SPR