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Boeing takes spare parts job from supplier

Shift marks loss of lucrative segment of Spirit AeroSystems' business, potential gain for planemaker

Published Fri, Apr 1, 2016 · 09:50 PM

New York

BOEING Co said it is ending an agreement with one of its largest suppliers, Spirit AeroSystems Holdings Inc, effectively taking away manufacturing of profitable spare parts used in aircraft repairs.

"Spirit's contract with Boeing allowing them to make and sell spare parts using Boeing intellectual property expired February 29 and will not be renewed," Boeing said in response to questions from Reuters.

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Boeing takes spare parts job from supplier

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