Adient (ADNT) announced after the bell Tuesday that it has teamed with Boeing (BA) to form Adient Aerospace. The joint venture will develop, manufacture and sell a portfolio of seating products to airlines and aircraft leasing companies.
Adient gapped open slightly higher Tuesday, but declined for the bulk of the session. The stock closed down by 0.51 at $82.18 on above average volume. Adient is now up 3.82 on 11K shares after the bell.
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