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Update: Market Chatter: Spirit AeroSystems Investigating Missing Paperwork for Aircraft Parts
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Update: Market Chatter: Spirit AeroSystems Investigating Missing Paperwork for Aircraft Parts
Sep 26, 2024 10:43 AM

05:29 AM EDT, 09/25/2024 (MT Newswires) -- (Updates to add the company's comments in the third and fourth paragraphs.)

Spirit AeroSystems ( SPR ) is investigating missing and duplicate paperwork related to parts for various aircraft programs after anomalies were found in reports from a machine that measures parts, Reuters reported Monday, citing two industry sources.

The report said the supplier is reviewing records dating back to 2010, although no safety concerns have been identified so far.

"Spirit has discovered a relatively small number of parts delivered where we are unable to produce valid Coordinate Measuring Machine reports, spanning several customer programs since 2010", Spirit AeroSystems ( SPR ) spokesperson Joe Buccino told MT Newswires.

Buccino confirmed that the company has informed affected customers and is conducting an internal investigation.

To address the issue, Spirit plans to automate the production and storage of measurement reports within the next 90 days, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 33.20, Change: -0.02, Percent Change: -0.06

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