Shares of Boeing supplier Spirit AeroSystems (SPR) jumped on Wednesday after reaching a production agreement with Boeing (BA) to support its production system after quality issues delayed Boeing deliveries.

The deal comes after a series of defects identified earlier this year involving Spirit AeroSystems that 澳洲幸运5官方开奖结果体彩网:halted and delaye༒d Boeing deliveries, with Boeing warning it could miss its delivery targets for the year.

"Our collective teams will focus on further generating 澳洲幸运5官方开奖结果体彩网:supply chain performance and resiliency," Boeing President and CEO President and CEO Patrick M. Shanahan said, noting that the "united effort to synchronize our production🔯 systems will enable greater ma𓃲rket responsiveness and delivery assurance."

"Boeing and Spirit will continue to work shoulder to shoulder to mitigate today's operational challenges," Spirit AeroSystems said in the agreement announcement.

Spirit AeroSystems shares were up more than 23% as of 3 p.m. ET on Wednesday following the news, while sha🅰res of Boeing were little changed. However, shares of both companies were still lower for the year, with Boeing shares down close to 5% and 🍰Spirit AeroSystems shares nearly 30% lower year-to-date.