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They're all being put together by Spirit Aerosystems which is a company that makes zero gross profit and has interest rate payments which are half of its gross
by lamontcg 3y ago
They're all being put together by Spirit Aerosystems which is a company that makes zero gross profit and has interest rate payments which are half of its gross revenue on top of that, which was spun off out of Boeing in order to aggressively cut costs and bust unions and fluff up Boeing's stock price.
That hasn't changed at all.
- kube-system 3y agoSpirit Aerosystems also does work for Airbus.
- lamontcg 3y ago"Our business depends largely on sales of components for a single aircraft program, the B737 MAX" -- Spirit Aerosystems 2022 10-K filing They do 3 times as much business with Boeing than Airbus. (Airbus may also wrap Spirit in their own Q/A process to mitigate the issues, which Boeing is certainly lacking)
- lamontcg 3y agoAlso this article just hit the front page today: https://viewfromthewing.com/boeing-whistleblower-production-line-has-enormous-volume-of-defects-bolts-on-max-9-werent-installed/ https://viewfromthewing.com/boeing-whistleblower-production-... The worry is that Airbus is ALSO going to be affected by this shitty quality, not that Boeing isn't totally fucked by its outsourcing to Spirit Aerosystems.
- albert180 3y agoDifferent purchasers can have different expectations of quality and pay the company differently;-)