Manufacturing News

Boeing takes on risk for excess 737 parts held at Wichita supplier
A regulatory filing from Spirit AeroSystems Inc. in Wichita offers new details on how the risks and costs of its staggered 737 production plan with the Boeing Co. are being handled.  Boeing (NYSE: BA) announced earlier this month that it would trim its production to 42 of the aircraft per month as it works to get its 737 Max back in service following two deadly crashes of the jet in just over five months.  Spirit (NYSE: SPR) announced the same day that it had crafted a plan with Boeing to continue…
>> Read More

$157M acquisition of Portland cannabis company closes
Acreage Holdings closed its all-stock acquisition of Form Factory, the Portland-based cannabis product co-packer, this week. Announced at $160 million in December, the deal closed at $157 million, Acreage said. But Form Factory appears on its way to becoming part of an even bigger cannabis operation, as an industry heavyweight positions itself for a post-prohibition future. Canopy Growth, a Canadian company traded on the New York Stock Exchange (NYSE: CGC), subsequently announced a definitive agreement…
>> Read More

Boeing takes on risk for excess 737 parts held at Spirit AeroSystems
A regulatory filing from Spirit AeroSystems Inc. in Wichita offers new details on how the risks and costs of its staggered 737 production plan with the Boeing Co. are being handled.  Boeing (NYSE: BA) announced earlier this month that it would trim its production to 42 of the aircraft per month as it works to get its 737 MAX back in service following two deadly crashes of the jet in just over five months.  Spirit (NYSE: SPR) announced the same day that it had crafted a plan with Boeing to continue…
>> Read More

General counsel set to leave this Louisville public company
John McGeeney, vice president, general counsel and secretary at Louisville-based Sypris Solutions Inc., plans to leave the company. Sypris made note of his exit in a recent filing with Securities and Exchange Commission. McGeeny, 62, is leaving the company on May 14, which is the same day as the company's annual shareholder meeting. He's been its general counsel since June 2003 and vice president since 2011. Sypris is a provider of truck components, oil and gas pipeline components and aerospace…
>> Read More

With Charlotte HQ move looming, Honeywell execs talk strong Q1 and 2019 expectations
Honeywell International Inc. has increased its earnings guidance for 2019, but the company warns there could be some clouds on the international horizon that could mean some economic slowdown in the second half of the year.
>> Read More

St. Louis metal processor forms Italian joint venture
Westport-based metal processing company Metal Exchange Corp. has formed a joint venture with an Italian firm to expand its aluminum business in Europe. Metal Exchange and Mantova, Italy-based Novellini Industries will jointly own the new company, novALmec, which will produce aluminum billet, or solid-block aluminum. Financial terms of the new venture weren't disclosed. Metal Exchange Corp.'s businesses includes marketing, trading, manufacturing, processing distribution and transportation of nonferrous…
>> Read More