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Boeing Supplier Spirit Surges on Tentative Deal in Parts Dispute

  • Memorandum of understanding addresses 787, 737 Max pricing
  • Aerostructures company takes $353 million forward loss on 787
Spirit AeroSystems Surges on Tentative Supply Deal With Boeing

Spirit AeroSystems Surges on Tentative Supply Deal With Boeing

Photographer: Daniel Acker/Bloomberg
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Spirit AeroSystems Holdings Inc. jumped the most in eight years after reaching an agreement with Boeing Co., its largest customer, that could end a sprawling contract dispute affecting every commercial jet in the planemaker’s product lineup.

The two companies signed a memorandum of understanding addressing “open commercial issues” on a range of Boeing programs, including the 737 Max and 787 Dreamliner, Spirit said in a statement Wednesday as it announced earnings. The manufacturers are still working to finalize the five-year pact.