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.

WICHITA, Kan., Oct. 30, 2020 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit AeroSystems") announced today it has completed, through its wholly-owned subsidiaries Spirit AeroSystems, Inc. ("Spirit") and Spirit AeroSystems Global Holdings Limited ("Spirit UK"), its...

Spirit AeroSystems Completes Acquisition of Select Assets of Bombardier Aerostructures and Aftermarket Services Businesses

Boeing

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The airframe specialist gets a price cut, but still faces an uphill struggle ahead.

Spirit AeroSystems Salvages Deal With Bombardier, Reduces Boeing Concerns

U.S. aircraft parts maker Spirit AeroSystems said on Monday it reached a deal with Bombardier Inc to cut the cash component of a deal to buy the Canadian planemaker's aerostructures unit by 45% to $275 million as COVID-19 weighed on the aerospace sector.

Spirit cuts purchase price for Bombardier aerostructures unit as COVID-19 hits industry

WICHITA, Kan., Oct. 26, 2020 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE:SPR) (the "Company") today announced that it entered into an amendment (the "Amendment") to the definitive agreement between Spirit AeroSystems, Inc. ("Spirit") and Spirit AeroSystems Global Holdings...

Bombardier and Spirit AeroSystems Amend Terms of Purchase Agreement, Reduce Net Proceeds Purchase Price to $275 Million and Expect to Close on Oct. 30, 2020

WICHITA, Kan., Oct. 20, 2020 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] will release its third quarter 2020 financial results at 6:30 a.m. Central Time Tuesday, November 3, 2020. Spirit AeroSystems President and Chief Executive Officer Tom Gentile will be joined by...

Spirit AeroSystems to Release Third Quarter 2020 Financial Results November 3

Spirit AeroSystems has been pummeled by the 737 MAX scandal and subsequent collapse in air travel demand due to COVID-19.

Assessing Survival Potential: Spirit AeroSystems

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WICHITA, Kan., Oct. 5, 2020 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (the "Company") announced today the closing of the private offering of $500 million aggregate principal amount of 5.500% Senior Secured First Lien Notes due 2025 (the "Notes") issued by Spirit...

Spirit AeroSystems Closes Private Offering of $500 Million 5.500% Senior Secured First Lien Notes Due 2025; Closes $400 Million Senior Secured Term Loan B Credit Facility; Terminates Existing Senior Secured Credit Facility

WICHITA, Kan., Sept. 29, 2020 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (the "Company") announced today the pricing by Spirit AeroSystems, Inc. ("Spirit"), a wholly owned subsidiary of the Company, of $500 million aggregate principal amount of 5.500% Senior Secured...

Spirit AeroSystems Announces Pricing of Private Offering of $500 Million Aggregate Principal Amount of 5.500% Senior Secured First Lien Notes Due 2025

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WICHITA, Kan., Sept. 29, 2020 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (the "Company") is announcing today that Spirit AeroSystems, Inc. ("Spirit"), a wholly owned subsidiary of the Company, is offering $400 million aggregate principal amount of Senior Secured First...

Spirit AeroSystems Announces Private Offering of $400 Million of Senior Secured First Lien Notes Due 2025

Spirit AeroSystems Holdings Inc. 
        SPR, 
        +3.31% 
       disclosed Friday that ihas reached an agreement to terminate the deal to buy Asco Industries N.V. parent, S.R.I.F.

Spirit AeroSystems terminates Asco acquisition deal, more than 2 years after it was announced

The company's pre-COVID hope to use M&A to move away from its former parent appears unlikely to come together as hoped.

Spirit AeroSystems' Plan to Diversify Away from Boeing Is Falling Apart

WICHITA, Kan., Sept. 24, 2020 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) announced today an expansion of its aftermarket footprint in Asia through a multi-year partnership with Evergreen Aviation Technologies Corporation (EGAT) and a maintenance, repair and overhaul (MRO) customer...

Spirit AeroSystems Reinvigorates its Commitment to Aftermarket Presence in Asia

Shares of Spirit AeroSystems Holdings Inc. AERO, -0.95% rose 1.7% in morning trading Tuesday, after the aircraft components maker indicated that its acquisition of Asco Industries NV parent S.R.I.F N.V.

Spirit AeroSystems indicates that ASCO acquisition deal may be terminated, more 737 MAX orders may be cancelled

WICHITA, Kan., Sept. 9, 2020 /PRNewswire/ -- Spirit AeroSystems [NYSE: SPR] announced today that Belcan will be onsite as a Strategic Partner in Spirit's Aerospace Innovation Centre (AIC) in Prestwick, Scotland.

Spirit AeroSystems Welcomes Belcan to Aerospace Innovation Center, Enters Strategic Engineering Partnership

WICHITA, Kan., Sept. 8, 2020 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc.

Spirit Chief Executive Officer and Chief Financial Officer Speaking at the Morgan Stanley Virtual Laguna Conference

Spirit Aerosystems (SPR) reported earnings 30 days ago. What's next for the stock?

Why Is Spirit Aerosystems (SPR) Down 1.4% Since Last Earnings Report?

Bear of the Day: Spirit AeroSystems (SPR)

Investors need to pay close attention to Spirit AeroSystems (SPR) stock based on the movements in the options market lately.

Do Options Traders Know Something About Spirit AeroSystems (SPR) Stock We Don't?

Spirit AeroSystems' (SPR) Q2 revenues fall 68% year over year, primarily due to the significantly lower 737 MAX production, resulting from the grounding of the program, and the impacts of COVID-19.

Spirit AeroSystems (SPR) Q2 Earnings Miss, Revenues Down Y/Y

Spirit AeroSystems Holdings' (SPR) CEO Tom Gentile on Q2 2020 Results - Earnings Call Transcript

A key Boeing supplier is facing pain beyond the 737 Max as demand for other planes slips because of the pandemic.

Boeing supplier Spirit slides as pandemic brings pain beyond the 737 Max

Spirit Aerosystems (SPR) delivered earnings and revenue surprises of -91.60% and -20.05%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Spirit Aerosystems (SPR) Reports Q2 Loss, Lags Revenue Estimates

Shares of Spirit AeroSystems Holdings Inc. SPR, -0.40% dropped 4.3% after the commercial and defense aircraft structures supplier, which receives the bulk of its revenue from Boeing Co.

News for Spirit AeroSystems Hlds Stock (SPR)