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.

Boeing Co's  biggest supplier, Spirit AeroSystems Holdings Inc , said on Friday it plans to lay off more than 20% of the workforce at its Wichita-Kansas base as it grapples with halted production and uncertainty over when 737 MAX jets will return to service.

Boeing supplier Spirit to lay off more than 20% of workforce in Kansas

Spirit Aerosystems (SPR) layoffs are coming for the supplier of Boeing 737 Max parts and SPR stock is down following the news.
The post Spirit Aerosystems Layoffs: SPR Stock Dips 3% on Job Cut News appeared first on InvestorPlace.

Spirit Aerosystems Layoffs: SPR Stock Dips 3% on Job Cut News

Spirit AeroSystems Holdings Inc. SPR, -2.80% , which supplies Boeing Co.'s BA, -1.36% 737 Max fuselage, wing components and other structures, said Friday it would lay off about 2,800 workers at its Wichita, Kansas plant and expects more layoffs affecting workers in two of its plants in Oklahoma later this month.

Boeing supplier Spirit Aero to layoff 2,800 workers in wake of 737 Max debacle

Boeing's largest supplier is laying off a significant number of its employees because of the 737 Max production suspension.

Boeing's biggest supplier lays off 2,800 workers because of 737 Max production suspension

Spirit is Boeing's largest supplier and makes fuselages, wing components and other parts for the 737 MAX, which was grounded last March after two disastrous crashes that killed 346 people.

Boeing supplier Spirit Aerosystems will lay off 2,800 employees

Spirit Aerosystems makes fuselages for the beleaguered 737 Max.

Boeing 737 Max supplier Spirit Aerosystems to cut 2,800 jobs

Spirit AeroSystems, the fuselage maker for the Boeing 737 Max, offered employees voluntary layoffs as Boeing halts production of the troubled plane.

This Top Boeing 737 Max Supplier Eyes Layoffs As Production Halt Looms

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Boeing's top supplier Spirit AeroSystems Inc said on Friday it would stop making fuselages for the grounded 737 MAX jets, the first major indication of disruption spreading to the planemaker's suppliers facing thousands of potential layoffs.

Spirit AeroSystems to freeze parts production for 737 MAX as Boeing woes spread

Spirit AeroSystems: B737-MAX Overhang Still Present

Spirit AeroSystems (NYSE: SPR), an aerostructures manufacturer, has seen its stock price rally by close to 20% over the last month. While the stock has seen some volatility this year, as its major customer Boeing (which accounts for over 75% of its revenues) faced setbacks.

How Spirit AeroSystems Stock Has Benefited From the Deal To Buy Bombardier’s Aerostructures Business

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Spirit AeroSystems Has a Boeing Problem. Here's Its Solution

Spirit AeroSystems Holdings, Inc. (SPR) CEO Tom Gentile on Q3 2019 Results - Earnings Call Transcript

Spirit AeroSystems' (SPR) revenues in the third quarter of 2019 rise 6% year over year on growth across all segments.

Spirit AeroSystems (SPR) Q3 Earnings Miss, Backlog Slips Q/Q

Spirit Aerosystems (SPR) delivered earnings and revenue surprises of -17.37% and -2.32%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Spirit Aerosystems (SPR) Q3 Earnings and Revenues Lag Estimates

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British business minister Nadhim Zahawi on Thursday welcomed Spirit AeroSystems'  purchase of Bombardier's  plant in Belfast as great news for workers and a welcome investment in the United Kingdom.

Britain welcomes Spirit AeroSystems' purchase of Bombardier's Belfast site

In order to protect 737 MAX parts and fuselages from inclement weather conditions, Spirit AeroSystems (SPR) has been incurring expenses, which may have dragged down Q3 earnings.

Will Storage Cost Dent Spirit AeroSystems (SPR) Q3 Earnings?

Spirit Aerosystems (SPR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why the Earnings Surprise Streak Could Continue for Spirit Aerosystems (SPR)

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News for Spirit AeroSystems Hlds Stock (SPR)