Halting 737 MAX production will hit parts suppliers - News Summed Up

Halting 737 MAX production will hit parts suppliers


APAs Boeing Co prepares to shutter much of a huge factory near Seattle that builds the grounded 737 MAX jet, the economic hit is reverberating across the US in places such as Wichita, Kansas; Stamford, Connecticut; and Cincinnati, Ohio. With 13,500 workers, Spirit is the largest employer in Kansas’ biggest city. Even though MAX production had slowed earlier in the year, Spirit and other suppliers continued to crank out parts, putting many of them in storage. CFM International SA, a joint venture between General Electric Co and France’s Safran SA, which makes the MAX engines, also faces uncertainty. Stamford-based Hexcel Corp, which makes composite materials used on the 737 MAX frame and engines was already reporting lower sales after Boeing slowed the rate of MAX production.


Source: Taipei Times December 18, 2019 15:56 UTC



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