Try as it will, Spirit AeroSystems Holdings (NYSE: SPR) just can't seem to break free from former parent Boeing (NYSE: BA) .
Spirit has attempted a number of ill-fated efforts to diversify away from Boeing in the years since its 2005 spinoff. Its latest effort, which showed great promise heading into 2020, appears to be unraveling during what is a chaotic time for commercial aerospace.
The ramifications would set Spirit's growth back for years, and could reverberate through the entire commercial aerospace supply chain.
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Spirit AeroSystems' Plan to Diversify Away from Boeing Is Falling Apart