acts

Spirit AeroSystems Wichita, Kansas facility © Shutterstock

Spirit AeroSystems announces job cuts amid financial challenges

In response to mounting financial difficulties and a decline in deliveries to Boeing Co., Spirit AeroSystems Holdings Inc. intends to trim its workforce by approximately 450 employees at its Wichita, Kansas headquarters. The reduced production of 737 Max airframes and other components has necessitated a downsizing, according to a spokesperson representing the company. Affected staff […]

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ACTS signs long-term material and repair agreements with GE and CFM

ACTS announced the signing of a 10 year OnPointSM solutions agreement with GE for material to repair CF34 engines, and a landmark 10 year materials agreement with CFM International (CFM) for the repair and overhaul of the CFM56-2, CFM56-3, CFM56-5A, CFM56-5B and CFM56-5C engines. Worth an estimated $2.5 billion, both agreements cover all life limited

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