Due to the ongoing machinist strike at Boeing, Spirit AeroSystems has proposed laying off up to 700 workers for 21 days. Spirit has been able to build up considerable stock during the last six weeks of the strike and is now considering furloughs until Boeing can come to an agreement with its striking workers.

As the Boeing Company (NYSE:BA) strike drags on, Spirit Aerosystems Holdings, Inc. (NYSE:SPR) faces tough choices ahead, including the looming threat of layoffs and extended furloughs. On Friday, Spirit Aerosystems announced employee furloughs in response to the ongoing strike by Boeing workers represented by the International Association of Machinists and Aerospace Workers,

Boeing's biggest supplier of airplane parts says it will temporarily furlough 700 workers because of a slowdown in work due to the labor strike at Boeing