Spirit AeroSystems Hlds

Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats and wing structures. The Defense & Space segment offers fixed wing aircraft aerostructures, missiles and hypersonics and rotorcraft aerostructure. The Aftermarket segment includes development, production, and marketing spares and repair and overhaul (MRO) services related to commercial and defense & space program. The company was founded in 2005 and is headquartered in Wichita, KS.

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Spirit AeroSystems reports revenue growth amidst challenges, focuses on optimization

Spirit AeroSystems navigated challenges in 2022 with a focus on revenue growth, cost reduction, and production optimization. The company's performance in the Defense & Space segment was a highlight, contributing to a positive outlook. Despite facing supply chain and labor issues, Spirit AeroSystems remains proactive in addressing challenges and pursuing opportunities for growth.

Spirit AeroSystems tackles quality issues, eyes production improvements amid challenges

Spirit AeroSystems addresses quality issues, focuses on production standards, and strengthens relationships with Boeing. Despite challenges, the company is leveraging opportunities to enhance operations and financial performance.

Spirit AeroSystems reports Q2 revenue growth but faces supply chain challenges

Spirit AeroSystems faced challenges with supply chain disruptions impacting profitability, leading to negative free cash flow projections for the year.
Despite these challenges, the company demonstrated strengths in Defense & Aftermarket segments with strong revenue growth and operating margins.
Opportunities lie in increasing production rates, addressing supply chain issues, and focusing on operational execution for improved profitability and cash flow.
Overall, Spirit AeroSystems aims to stabilize its supply chain, increase production rates, and enhance financial health amidst industry challenges and forward losses.

Spirit AeroSystems reports revenue growth and positive impacts from Boeing agreement

Spirit AeroSystems' Q3 performance showed revenue growth and financial impacts from the Boeing agreement. The company faces challenges with disruptions, labor issues, and potential Airbus program impacts. Opportunities include positive cash flow projections and resolving negotiations with Airbus.

Spirit AeroSystems reports strong Q4 performance amidst challenges and opportunities

Spirit AeroSystems demonstrated robust financial performance in Q4 2023, driven by revenue growth, positive EPS, and operational improvements in production and quality.
While facing challenges such as forward losses and cash flow impacts, the company is focused on leveraging opportunities like debt reduction and quality-driven incentives for future growth.
Strategic initiatives in product safety, innovation, and cost management position Spirit AeroSystems for long-term success and operational excellence in the aerospace industry.

Spirit AeroSystems reports revenue growth, faces challenges in Airbus negotiations

Spirit AeroSystems reported improved revenue and operational performance in Q1 2024, with a focus on safety, quality, and financial stability.
Challenges include negotiations with Airbus, cash usage impact from production disruptions, and labor scarcity in key locations.
Opportunities lie in discussions with Boeing for potential acquisition, securing supply agreements with Airbus, and enhancing operational efficiency.
Overall, Spirit AeroSystems' strategic initiatives aim to address challenges, leverage strengths, and capitalize on growth opportunities for long-term success.

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Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense and Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which are related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats, and wing structures. The Defense and Space segment offers fixed wing aircraft aerostructures, missiles and hypersonic, and rotorcraft aerostructure. The Aftermarket segment includes development, production, and marketing spares and repair and overhaul services related to commercial and defense and space program. The company was founded in 2005 and is headquartered in Wichita, KS.

Airplane parts maker Spirit AeroSystems Holdings Inc reported a loss for the second straight quarter on Tuesday, as its main customers Boeing Co and Airbus SE further cut production due to the COVID-19 pandemic.

Spirit posts second straight quarterly loss as virus hits aero parts demand

WICHITA, Kan., Aug. 4, 2020 /PRNewswire/ -- Directed by Boeing to produce 72 737 shipsets in 2020, an 88% reduction from 606 delivered shipsets in 2019 Delivered 159 shipsets compared to 449 shipsets in Q2 2019 and 324 shipsets in Q1 2020 Recorded forward losses of $194 million, primarily.

Spirit AeroSystems Reports Second Quarter 2020 Results

Boeing supplier Spirit AeroSystems Holdings said on Friday it was cutting 1,100 jobs in its commercial programs due to the most recent production rate reduction on the 737 MAX and the ongoing coronavirus outbreak.

Spirit AeroSystems cuts 1,100 jobs due to coronavirus, 737 MAX rate reduction

Boeing Co.'s BA, -2.43% supplier Spirit AeroSystems SPR, -3.73% announced a fresh round of layoffs late Friday, pinning it on the latest production-rate cut for Boeing's 737 Max jets and the ongoing impact of the pandemic on new commercial aircraft and the airline industry in general.

Boeing supplier Spirit AeroSystems announces more layoffs

WICHITA, Kan., July 31, 2020 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) announced today it will further reduce employment at its facility in Wichita, Kan.

Spirit AeroSystems Makes Further Workforce Adjustments to Align with Lower Market Demand

WICHITA, Kan., July 30, 2020 /PRNewswire/ -- Spirit AeroSystems [NYSE: SPR] announced today changes on its Executive Leadership Team.

Spirit AeroSystems Announces Leadership Changes

Spirit AeroSystems is warning lenders that it will be years before the aerospace giant gets back to building the passenger jet in the quantities it once planned to.

Forget 2021: Key Boeing Supplier Braces for 737 Max Production Cuts Through 2022

Spirit Aerosystems Holdings Inc has spoken with lenders to loosen some of its debt terms as it expects deliveries of 737 MAX planes to be lower than estimated in the coming years, CNBC reported on Thursday, citing a person familiar with the matter.

Spirit Aerosystems braces for deeper 737 production cut through 2022

Spirit Aerosystems spoke with lenders about loosening some of its debt terms, a source tells CNBC.

Key Boeing supplier braces for significantly fewer 737 Max deliveries through 2022

As Airline companies suffer, the impact is trickling to component suppliers down the value chain. One such supplier is Spirit Aerosystems, whose stock has plummeted a massive 70% this year (as of Jul 20, 2020).

With Boeing Pessimistic, Should Spirit Aerosystems’ Investors Stay In High Spirits?

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SPR has fallen back into the low 20s after Boeing told SPR to lower deliveries further and after worries of a second wave started to hit.

Spirit AeroSystems: The Covenant Breach

The stock is taking off along with the Boeing 737 Max.

Why Shares of Spirit AeroSystems Are Up Today

Boeing

Spirit AeroSystems Holdings Inc , a major jet parts maker struggling in the face of the ongoing Boeing Co 737 MAX grounding and COVID-19 pandemic, is extending furloughs for hundreds of 737 workers through August 14, the company said on Friday.

Spirit AeroSystems extends Boeing 737 furloughs through August 14

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) shares are trading lower on Wednesday after reports the FAA issued an airworthiness directive on the Boeing Co (NYSE: BA) 737 MAX.

Why Spirit AeroSystems Stock Is Trading Lower Today

Shares in Spirit AeroSystems Holdings Inc tumbled 13% on Tuesday after the key Boeing Co supplier warned it was seeking relief from its lenders due to Boeing's move to reduce parts shipments substantially this year.

Spirit AeroSystems shares fall, company holds talks with Boeing on 737 MAX

Boeing's issues are rippling through the supply chain.

Why Spirit AeroSystems Shares Are Falling Today

Spirit AeroSystems Holdings Inc said on Monday customer Boeing Co has asked the aero parts maker to reduce 2020 737 production to just 72 shipsets, from 125 planned earlier.

Spirit Aero says Boeing has asked it to further cut 737 production

Spirit Aerosystems: Patience Will Pay Off

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Why Boeing, Spirit AeroSystems, and Triumph Group Stocks All Popped This Morning

Boeing Co. (NYSE: BA) told its supplier of aircraft fuselages to pause production on four 737 MAX units and avoid starting work on another 16 units scheduled for delivery this year.

Boeing Tells 737 MAX Fuselage Maker To Pause Production

The revenue impact on Spirit AeroSystems could exceed 16%.

Boeing Orders Spirit AeroSystems to Halt Work on Parts for 20 737 MAX Airplanes

Boeing has scaled back its 737 Max production plans, which means less work for the supplier.

Why Spirit AeroSystems' Stock Price Is Falling Today

WICHITA, Kan., June 11, 2020 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) announced today the Department of Defense (DoD) allocated $80 million to Spirit to expand domestic production capability for advanced tooling, composite fabrication and metallic fabrication. These funds are part...

Spirit AeroSystems Receives $80M Defense Production Act Title III Funding

Fear of a coronavirus second wave trumps hope for a return of the 737 MAX to service.

News for Spirit AeroSystems Hlds Stock (SPR)