Spirit AeroSystems reported strong second-quarter earnings Wednesday, despite Boeing’s continuing problems with the 737 Max.
Spirit says revenue was $2 billion, up 10 percent year over year in the second quarter, and earnings per share were up 23 percent. Both figures exceeded Wall Street expectations.
Boeing is Spirit’s largest customer, and the 737 makes up the bulk of work at Spirit’s plant in south Wichita. Boeing reported a second-quarter loss of nearly $3 billion dollars last week, its worst quarter ever.