Spirit AeroSystems announced that it reached an agreement with Boeing relating to the 737 MAX production rate.
Spirit on Thursday said that under the agreement, they will restart production slowly, ramping up deliveries throughout the year to reach a total of 216 Max shipsets delivered to Boeing in 2020.
Spirit said the company does not expect to achieve a production rate of 52 shipsets per month until late 2022. The parties are continuing to negotiate other terms.
The company said the agreement is based on several assumptions including Boeing's expected production rate and the successful return of the 737 Max to service.
