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Benzinga

Business

Akanksha Bakshi

Boeing Picks Spirit AeroSystems To Support B-52 Commercial Engine Replacement Program

Spirit British Airways NYSE SPR US Air Force

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) received a contract award from Boeing Co. (NYSE:BA) to provide engine pylons and nacelles for the initial phase of the B-52 Commercial Engine Replacement Program (CERP).
The total CERP effort is expected to replace 608 engines on the U.S. Air Force fleet of B-52H models.
Spirit will support in extending the life of the B-52 Stratofortress through at least 2050. The B-52 first entered the U.S. Air Force fleet in 1955.
Price Action: BA shares are trading higher by 1.70% at $178.00 and SPR higher by 3.08% at $45.90 on the last check Tuesday.

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