Note, on FB, I am laying down notes with regard to an event that occured 19 years ago. I had to make a choice. And, I am using a 29-day span in 2024 starting a few days ago, to write my memories of what happened. I have written of this before, sparsely and briefly.
See this page: https://www.facebook.com/jmswtlk
A huge factor? Truth engineering.
Remarks: Modified: 07/01/2024
07/01/2024 -- I didn't go very far and quit the recap. Will get back to it. For one thing, I heard that discussions were taking place that were resolved, as follows:
- Boeing, on June 30, announced that it was buying back Spirit Aerosystems for several reasons.
We'll go into all of this as there is time and such.
It was July 1, 2005, when I had my first day of retirement from Boeing. That was the day that NewCo began its independent life albeit for a longer while than anticipated, NewCo was reliant heavily upon Boeing infrastrucure, inlcuding computing.
Lots to discuss about this.
Note: A little later after digging into the details beyond the headlines. Several sites have a good recap of the interchange for over a year. What happened yesterday and today is that Spirit's Board agreed to having Boeing pay stockholders a certain amount. That would move Boeing into ownership of those parts of Spirit doing Boeing work. One wrinkle is that Spirit had contracts with Airbus and another firm. Airbus wants those facilities that has their proprietary stamp on the work. So, things to unravel will make the next few months interesting. Too, the expected close date of all of this is mid-2025 which is a long way away. The nitty-gritty? A mere choice indicating movement toward one end. But, lots can happen. In the meantime, where will Spirit's stock go? It was in the 20s here recently. I'll say this, not many made a bundle on the deal of 2005. In the equity sense, the stock has been below water more than above. There was a bubble from 2017 to 2020. But, the real deal is how will this improve Boeing's lot? They're about to go to "junk" in one arena.
