Spirit Aerosystems Holdings Inc., the aerospace supplier that makes parts for Boeing Co. and Airbus SAS, jumped to an 11-month high after the Daily Mail said GKN Plc is readying a takeover bid for about $35 a share.
Spirit AeroSystems Holdings Inc., a fuselage supplier to Boeing Co., projected short-term delivery delays after a tornado that damaged its Wichita, Kansas, plant left production equipment mostly unaffected.
Boeing Co.’s decision to shut down its Wichita, Kansas, plant after more than 80 years betrayed public officials who helped the planemaker win a U.S. Air Force contract for midair refueling tankers, the city’s mayor said.
Spirit Aerosystems Holdings Inc. dropped the most in four years after recording $590 million in charges as it struggled to develop and build parts for multiple new jets, including Boeing Co.’s Dreamliner, at the same time.
Spirit AeroSystems Holdings Inc.’s machinists will vote on a 10-year labor contract on June 25 that may set a standard for longer-term agreements with companies such as Boeing Co. , the workers’ union said.
Companies from General Electric Co. to yogurt producer Chobani are adding U.S. workers, accelerating a rebound in hiring, as chief executive officers prepare for greater demand in a strengthening economic recovery.