Boeing supplier Spirit Aero’s profit rises 15.7pc

Fawad Maqsood July 31, 2019

Spirit AeroSystems Holdings Inc on Wednesday posted a 15.7% rise in quarterly profit as Boeing’s biggest supplier continued to make parts for the grounded 737 MAX jets at a rate prior to a deadly airplane crash in March.

The company’s net income rose to $168 million, or $1.61 per share, in the second quarter ended June 27, from $145.2 million, or $1.31 per share, a year earlier.

Total revenue rose 9.8% to $2.02 billion.

Copyright Reuters, 2019

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