News
SPR
31.48
-2.02%
-0.65
MOODY'S: IN THE BAA3 RATING, MOODY'S CONTEMPLATES A DEBT-FUNDED ACQUISITION OF SPIRIT AEROSYSTEMS
Reuters · 7h ago
Boeing Acquisition of Spirit AeroSystems Still Faces Roadblocks, Finance Chief Says -- Market Talk
Boeing finance chief Brian West says major aspects still need to be hammered out over acquisition of fuselage supplier Spirit AeroSystems. The companies are still in talks over price, terms and offloading certain plants. The talks have dragged out amid negotiations with rival Airbus.
Dow Jones · 10h ago
Boeing Says The Real Pivot For Us Is The Number Of Clean Fuselages We Get Out Of Spirit With The New Inspection Protocols
Benzinga · 10h ago
Boeing Says The Visibility In Wichita Will Help The Spirit Team Prevent Nonconformances From Being Created In The First Place; We Are Already Beginning To See Signs Of More Predictable And Reduced Cycle Times In Our Factory, As A Result Of These Enhanced Quality Control Standards. We Expect This Will Continue To Improve
Benzinga · 11h ago
BOEING CEO SAYS PRODUCTION WILL STAY SPORADIC THROUGH Q2
Reuters · 11h ago
BOEING CEO ON SPIRIT DEAL SAYS WE CAN MOVE WITHOUT FULL CLARITY ON AIRBUS SIDE, ENCOURAGE SPIRIT TO DO WHATEVER THEY CAN TO IMPROVE ITS BUSINESS
Reuters · 11h ago
BOEING CEO ON FAA'S 90 DAY DEADLINE: "90 DAYS ISN'T LIKE A WAVE A MAGIC FLAG, AND EVERYTHING IS GREAT, AND YOU GUYS CAN GO FROM 38 TO 40"
Reuters · 11h ago
BOEING CFO SAYS SPIRIT DEAL, ONCE IT HAPPENS, WILL TAKE TIME TO CLOSE
Reuters · 11h ago
BOEING CEO ON 787 RATE SLOWDOWN SAYS SUPPLY OF HEAT EXCHANGERS AND SEATS HAS NOT KEPT PACE
Reuters · 11h ago
Will Spirit Aerosystems (SPR) Report Negative Q1 Earnings? What You Should Know
NASDAQ · 11h ago
Spirit Aerosystems gains after Boeing CEO says deal not being delayed
Spirit Aerosystems rose 3% in premarket trading after Boeing CEO says deal not being delayed. Boeing's CEO Jim Calhoun said the potential acquisition is not delayed. The company is expected to announce the deal in Q2, he said. Boeing in March said it plans to buy Spirit (SPR) for parts for Airbus.
Seeking Alpha · 12h ago
Boeing's 737 Saga Dents Q1 Bottomline, CEO Emphasizes Improving Quality & Safety
Boeing reported a first-quarter revenue decline of 8% year-over-year to $16.569 billion. CEO Dave Calhoun emphasized a commitment to enhancing quality and safety systems. Boeing recorded an adjusted operating loss of $388 million for the quarter.
Benzinga · 12h ago
BOEING CEO CALHOUN SAYS WORKING DILIGENTLY TO GET SPIRIT AEROSYSTEMS DEAL DONE
Reuters · 12h ago
UPDATE 6-Boeing reports first revenue drop in 7 quarters as deliveries decline
Boeing reports first quarterly revenue drop in 7 quarters as deliveries decline. Moody's cut Boeing's credit rating to the bottom of investment grade. The U.S. Planemaker beat analyst expectations after a January mid-air blowout of a door plug. Boeing CEO says a deal to acquire key supplier Spirit AeroSystems is likely in second quarter.
Reuters · 14h ago
Truist Financial Reaffirms Their Hold Rating on Spirit AeroSystems (SPR)
TipRanks · 14h ago
Boeing’s $425M Deal with Spirit Amidst Families’ Justice Pursuit
TipRanks · 14h ago
UPDATE 1-Ryanair expects Boeing to take 12-18 months to clear backlog
Ryanair expects Boeing to take 12-18 months to clear backlogs in its aircraft deliveries. Group chief executive Michael O'Leary says quality control needs to be improved. Boeing said this week it expected slower increase in production rate and deliveries. Ryanair still plans to restart flights to Tel Aviv in June.
Reuters · 15h ago
Boeing and Spirit AeroSystems Enter MoA to Stabilize Supply Amid Acquisition Efforts
Spirit AeroSystems and Boeing have formalized a memorandum of agreement to address Spirit's financial challenges. Spirit will maintain production rates, receive $425 million advance payment from Boeing, and provide weekly financial updates. Boeing is in the process of acquiring Spirit, a company it spun off in 2005. Spirit also manufactures parts for Boeing's competitors, including Airbus.
Barchart · 16h ago
Ryanair CEO: 12-18 months for Boeing to eliminate delivery backlog
Ryanair CEO: 12-18 months for Boeing to eliminate delivery backlog. CEO Michael O'Leary expects Boeing to take between 12 and 18 months to eliminate backlog. Ryanair is Europe's biggest airline and one of the biggest in the world in terms of passenger numbers.
Reuters · 16h ago
UPDATE 3-Boeing, Spirit agree $425 mln deal to address supplier's issues
Spirit AeroSystems says Boeing will give it advance payments of $425 million to address supplier's issues. Deal comes amid talks between the two for Boeing to buy fuselage supplier. Spirit has struggled with higher levels of inventory and lower cashflows. FAA has capped Boeing's 737 production rate at 38 planes per month.
Reuters · 1d ago
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About SPR
Spirit AeroSystems Holdings, Inc. is a non-original equipment manufacturer (OEM) manufacturer of aerostructures, serving markets for commercial airplanes, military platforms and business/regional jets. The Company operates in three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment includes design and manufacturing of forward, mid, and rear fuselage sections and systems, struts/pylons, nacelles (including thrust reversers) and related engine structural components, wings, and wing components (including flight control surfaces), as well as other miscellaneous structural parts for large commercial aircraft and/or business/regional jets. The Company's Defense & Space segment includes design and manufacturing of fuselage, strut, nacelle, and wing aerostructures (primarily) for United States government defense programs. The Company's Aftermarket segment includes design, manufacturing, and marketing of spare parts and maintenance, repair, and overhaul services.