Spirit AeroSystems (SPR) Tops Q1 EPS by 43c, Revenues Beat
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Spirit AeroSystems says Boeing wants 125 737 MAX shipsets for 2020, down from 216
May 5, 2020 6:10 PM EDT(Reuters) - Spirit AeroSystems Holdings (NYSE: SPR) said on Tuesday it has reached an agreement with Boeing Co (NYSE: BA) to deliver 125 737 MAX shipsets to the planemaker in 2020, down from the 216 it had previously announced.
Some... More
GE Aviation to cut workforce by up to 13,000 jobs, or 25%
May 4, 2020 9:36 AM EDTBy David Shepardson
(Reuters) - General Electric Co (NYSE: GE) said on Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25%, or up to 13,000 jobs, including both voluntary and involuntary layoffs, citing prolonged aircraft reduction schedules caused by the coronavirus pandemic.
The job cuts are the latest mounting woes for the aviation sector that are now expected to last into 2021 as U.S. passenger air... More
