Shares of Spirit AeroSystems Holdings Inc. fell after the company said it was the supplier responsible for incorrectly installed parts that prompted Boeing Co. to pause deliveries of some 737 MAX jets.
The stock fell almost 18% to $29.31 a share in morning trading. Over the past 12 months, shares are down about 37%.
On Thursday, Boeing said it was notified by a supplier of “a nonstandard manufacturing process” used to install two fittings at the rear of the plane. Spirit AeroSystems said it was the supplier.
Boeing shares were recently down by more than 6% at $199.97.
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