SAN FRANCISCO, CA / ACCESSWIRE / April 17, 2023 / Hagens Berman urges Spirit AeroSystems Holdings, Inc. (NYSE:SPR) investors who suffered substantial losses submit your losses now.
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Spirit AeroSystems Holdings, Inc. (SPR) Investigation:
The investigation focuses on Spirit AeroSystems' past statements concerning its operational performance, particularly with respect to supplying its largest customer (Boeing, which accounts for 60% of Spirit's revenues), and whether the company's financial statements complied with Generally Accepted Accounting Principles.
On Apr. 10, 2023, the financial press reported that Spirit's largest customer, Boeing, intends to restore production of its bestselling 737 MAX jet to its 2019 rate of 52 a month by Jan. 2025.
Then, on Apr. 13, 2023, Reuters reported that Boeing "has halted deliveries of some 737 MAXs as it grapples with a new supplier quality problem by Spirit AeroSystems that could stretch back to 2019."
Reuters further reported that "[t]he issue will likely affect a ‘significant' number of undelivered 737 MAX airplanes both in production and in storage, and could result in lowered 737 MAX deliveries in the near term" and "[t]he problem, which affects a portion of the 737 MAX family […] involves the installation of two fittings that join the aft fuselage made by Spirit to the vertical tail, which were not attached correctly before it was sent to...
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