General Electric (GE) has announced its Board of Directors approved the spin-off of GE Vernova, expected to begin trading on the NYSE under the ticker $GEV on April 2nd. This marks GE's last spin-off, transitioning it into a pure play aviation company, a move celebrated by CEO Larry Culp. The record date for the spinoff is March 19, with one GEV share being distributed for every four GE shares held. GE's stock has surged another 60% following the announcement. Meanwhile, Boeing is facing challenges with its supply chain, delaying plans for its 737 production ramp-up. The new schedule aims for 737 output to reach 42 a month by June, a pushback from the original February target, with a goal to reach 47 a month by January 2025. Additionally, Airbus has shown interest in acquiring the Spirit A220 wings plant, which could impact the aerospace supply chain dynamics.
A deal could help Boeing respond to critics who have blamed the company's manufacturing problems in large part on outsourcing key work. https://t.co/nLMIkXBcrB
A deal could help Boeing respond to critics who have blamed the company's manufacturing problems in large part on outsourcing key work. https://t.co/EmlCM5c5Cr
Boeing has expressed that it wants to buy back the company responsible for fuselage manufacturing. Read more: https://t.co/nC4lHnjipf
Report: Boeing may reacquire Spirit at higher price despite hating optics https://t.co/xjJcEFq0XI
Acquiring Spirit would make Boeing an even more dominant force in airplane manufacturing. When a company is as integral to the US economy as Boeing is, it’s not in anyone’s interest to hit the planemaker where it really hurts. Today's newsletter https://t.co/Do7wVBhGwh @business
Boeing $BA 30-day option implied volatility is at 30; compared to its 52-week range of 22 to 41. Call put ratio 2 calls to 1 put amid Boeing in talks to acquire Spirit AeroSystems $SPR WSJ reports
Airbus explores buying Spirit Aerosystems NI operations https://t.co/MdOIPGj20N
Airbus has explored buying Spirit A220 wings plant https://t.co/hORRzUrw3X https://t.co/JHuUtQDbGD
Exclusive: Boeing delays plans for production ramp-up, sources say https://t.co/n1JodPIzka https://t.co/Mc4LST29tN
*BOEING DELAYS 737 PRODUCTION INCREASES: REUTERS sorry guys, have to wait until the summer for the new convertible 737
⚠️ EXCLUSIVE-BOEING DELAYS PLANS FOR PRODUCTION RAMP-UP, SOURCES SAY (Reuters) Boeing has delayed plans for its supply chain to ramp up production of its bestselling 737 jetliner, according to a presentation seen by Reuters, as the company deals with regulatory curbs on its… https://t.co/Rx1kiJSpMW
$GE's last spinoff Vernova (GE Power) will begin trading on April 2, 2024 as $GEV Record date for spinoff is March 19. One GEV share for every four GE shares. GE up another 60% from this tweet below. More Culp magic. https://t.co/4xLFoJZGHa
$BA BOEING TELLS SUPPLIERS IT IS DELAYING 737 PRODUCTION INCREASES -SOURCES NEW BOEING SUPPLIER SCHEDULE CALLS FOR 737 OUTPUT TO REACH 42 A MONTH IN JUNE (PREVIOUS TARGET FEB) - SOURCES NEW BOEING SUPPLIER SCHEDULE CALLS FOR 737 OUTPUT TO REACH 47 A MONTH IN JAN 2025…
Airbus has explored buying Spirit A220 wings plant -sources https://t.co/kxGmn8an92 https://t.co/JRahhyO2NL
$SPR Airbus Has Explored Buying Spirit A220 Wings Plant - USN https://t.co/z5P5FVlFAe
Spirit Aerosystems $SPR was spun out of Boeing in 2005 and sold to a private equity fund Prior, it was owned by $BA for 80 years. The spin-off what part of Boeing's decision to become leaner and ultimately more profitable
So Boeing wants to institute its super-rigorous quality controls across the entire supply chain? $BA $SPR 🤔
$GE Board approves spin off of GE Vernova - the last of the spins. A new beginning for $GE as a pure play aviation story - best in class and definitely under appreciated. Congratulations to Larry Culp and team. @larryculpjr
General Electric $GE just announced its Board of Directors approved the previously announced spin-off of GE Vernova The company is expected to begin trading on the NYSE on April 2nd under the ticker $GEV