BREAKING: Spirit AeroSystems Inc., Boeing announce new 737 Max production agreement

BREAKING: Spirit AeroSystems Inc., Boeing announce new 737 Max production agreement

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Spirit AeroSystems Inc. announced Thursday that it has reached a new 737 Max production rate agreement with The Boeing Co. The company says Spirit (NYSE:SPR) will restart production slowly, ramping up deliveries throughout the year to reach 216 for 2020. The company did not give a specific restart date. The company says in a release that it does not expect to reach the production rate of 52 a year until at least 2022. There is a caveat: the rate agreement is based on expectations for Boeing's…

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