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Spirit AeroSystems Holdings, Inc.

Company NameSpirit AeroSystems Holdings, Inc.
Stock SymbolSPR

On April 13, 2023, The Boeing Company (“Boeing”) disclosed that it was pausing deliveries on some 737 MAX jets to address incorrectly installed parts. News outlets reported that the issues seem to be related to two fittings that Spirit attaches to the jet’s vertical tail.

On this news, Spirit’s stock price fell $7.38, or 20.7%, to close at $28.22 per share on April 14, 2023, thereby injuring investors.

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