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SPR.US
id: 1054, Created by , Scout

Spirit AeroSystems Holdings (SPR) Faulty Airplane Part Case

  • On January 6, 2024, a Boeing aircraft made an emergency landing after a part manufactured by Spirit AeroSystems (SPR) had malfunctioned.
  • On it, $SPR fell 11.13%, losing $409M+ of shareholder value.
  • Investors may have grounds to suspect Spirit AeroSystems of manufacturing defective airplane parts, which led to their losses.
On January 6, 2024, a Boeing 737 MAX 9 aircraft operated by Alaska Airlines made an emergency landing after a door plug manufactured by Spirit AeroSystems blew off shortly after takeoff.

On this news, $SPR fell 11.13% and lost over $409 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect Spirit AeroSystems of supplying defective airplane parts, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
08 January 2024
Collecting participants…

Spirit Aerosystems Holdings Inc

Spirit AeroSystems Holdings, Inc. engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Sp...

    Ticker
    SPR.US
    ISIN
    US8485741099
    CIK
    1364885
    Sector
    Industrials
    Industry
    Aerospace & Defense
    Country
    USA
    Address
    3801 South Oliver Street, Wichita, KS, United States, 67210