Mike Boyd, president of Boyd Group International, and Stewart Glickman, CFRA’s deputy director of research, consider the consumer and market impact of Boeing’s recent unrelated safety incidents.
Texas Attorney General Ken Paxton on Thursday released an investigation into Boeing parts supplier Spirit AeroSystems regarding the company’s operations and diversity, equity and inclusion (DEI) efforts.
Spirit AeroSystems is one of the world’s largest aircraft parts manufacturers, producing fuselages for the Boeing 737 and 787 and wings for the Airbus A350 and A220. The company’s work with Boeing has faced increased scrutiny following the mid-air explosion of a door plug panel on a 737 Max 9 aircraft.
Paxton notified Spirit AeroSystems of the investigation in a letter requesting documentation of manufacturing defects in the product. He also asked the company to produce documents related to its contents. DEI commitment and whether those efforts are having a negative impact on the manufacturing process.
“The potential risks associated with certain aircraft models are extremely concerning and could be life-threatening to Texans,” Paxton said in a press release. “We will hold companies accountable who fail to maintain the standards required by law and will do everything we can to ensure that manufacturers take passenger safety seriously.”
Boeing needs to focus on safety and quality after accident, FAA chief says
Texas Attorney General Ken Paxton announced an investigation into Boeing supplier Spirit AeroSystems. (David Ryder/Bloomberg via Getty Images/Getty Images)
Spirit AeroSystems did not respond to a request for comment.
The company has an April 17 deadline to submit the requested documents to the Consumer Protection Division of the Attorney General’s Office.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| SPR | spirit aero system | 36.06 | +0.41 | +1.16% |
| BA | boeing company | 192.99 | +1.04 | +0.54% |
Boeing and Spirit Aerosystems Surveillance has been stepped up following the January 5 explosion of a door plug panel.
A preliminary report from the National Transportation Safety Board (NTSB) said four key bolts in the door plug frame were missing, which contributed to the accident, which caused the cabin to depressurize and the Alaska Airlines flight to be put on hold. The plane returned to Portland International Airport in Oregon for landing. .
Spirit AeroSystems manufactures the airframe and is a major supplier to Boeing, formerly a subsidiary. (David Ryder/Bloomberg via Getty Images/Getty Images)
NTSB report: Missing door plug bolts contributed to mid-air eruption on Alaska Airlines flight
As a result of the incident, all 737 Max 9 aircraft were grounded for inspection. The plane resumed operations in late January after being inspected by the airline. Federal Aviation Administration And the manufacturer too.
Other incidents have added to the aerospace company’s woes, including Boeing’s discovery of holes in 50 undelivered 737 Max jets.
A series of accidents hit Boeing hard.
Spirit AeroSystems’ operations related to defective products and DEI commitments are at the center of a Texas investigation into the company. (Reuters/Nick Oxford/Reuters Photo)
Boeing CEO Dave Calhoun announced this week: get off He finished his job at the end of this year and visited Spirit AeroSystems about two weeks after the Jan. 5 incident.
Boeing is in discussions with Spirit AeroSystems about potentially acquiring the supplier, which was previously a subsidiary of Boeing.
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A month ago, Spirit confirmed it was in talks with Boeing. Possible acquisitionHowever, he noted that there is uncertainty as to whether an agreement will be reached and completed.
