Spirit AeroSystems, a Boeing supplier, announces job cuts due to decreased airplane delivery rates.

• Up to 450 layoffs will occur at Spirit AeroSystems' Wichita workforce in the near future.
• The aerospace company cited a slowdown in Boeing plane deliveries.
• The company is also in talks to be acquired by Boeing.

On Thursday, an aerospace supplier announced that it will lay off some of its workers due to slower delivery rates on commercial aircraft, as it faces challenges with a slowdown at its largest commercial airplane customer, Boeing.

According to a memo from Spirit, as reported by KSN, the airline will lay off approximately 400 to 450 hourly employees.

Spirit stated that they are dedicated to carrying out the transition in the most compassionate way possible.

According to the company's annual filing, 12,600 individuals were employed at the Wichita facility as of the conclusion of 2023.

Boeing's best-selling 737 Max plane has experienced a decline in deliveries due to a door panel blowout and safety crisis, which has caused Spirit to produce fuselages for the aircraft at its plant.

Boeing's first-quarter deliveries decreased by 31% compared to the same period in 2023, and overall deliveries were down by 11.3%, according to Spirit.

The company reported a quarterly loss of $616.7 million for the first three months of the year, and has been financially struggling in recent years, with its last profitable year being 2019.

In addition to being in discussions for acquisition by , the company that was spun off from in 2005, about 70% of Spirit's revenue last year came from Boeing, while the company also produces parts for Boeing's competitor.

In an interview with CNBC in April 2024, Boeing CEO Dave Calhoun stated that it is "highly probable" that the companies will reach a deal during the second quarter.