Welcome to our dedicated page for Spirit Aerosys news (Ticker: SPR), a resource for investors and traders seeking the latest updates and insights on Spirit Aerosys stock.
This page provides a historical news archive for Spirit AeroSystems Holdings, Inc. (former NYSE: SPR), a major aerostructures manufacturer that became a wholly owned subsidiary of The Boeing Company following a merger completed on December 8, 2025. The news flow around SPR documents Spirit’s role in the global aerospace supply chain and the sequence of events leading to its integration into Boeing and the divestiture of certain businesses to Airbus SE and Composites Technology Research Malaysia Sdn. Bhd. (CTRM).
News items in this archive include quarterly and annual financial results, where Spirit reported revenue trends, operating losses, forward‑loss charges and backlog levels across its Commercial, Defense & Space and Aftermarket segments. Releases also discuss liquidity measures such as customer advances from Boeing and Airbus, bridge and term loan amendments, and management’s assessment of substantial doubt about the company’s ability to continue as a going concern prior to the merger.
Another major category of coverage involves strategic transactions. Press releases describe the Agreement and Plan of Merger with Boeing, shareholder approval of the acquisition, the definitive agreement with Airbus to transfer assets and sites involved in Airbus aerostructures production, and the sale of Spirit’s Subang, Malaysia facility to CTRM. Additional items cover divestitures such as the sale of Fiber Materials Inc. to Tex‑Tech Industries, as well as board changes and governance developments.
Investors, researchers and aviation industry observers can use this news archive to trace how Spirit AeroSystems managed program performance on Boeing and Airbus platforms, addressed supply chain and cost pressures, and ultimately transitioned from an independent public company to part of Boeing’s integrated aerospace operations. For ongoing developments, users should consult Boeing’s current disclosures, as SPR news after deregistration reflects historical context rather than new standalone company updates.
Spirit AeroSystems Holdings (NYSE: SPR) has announced the sale of Fiber Materials Inc (FMI) to Tex Tech Industries for $165 million in cash. FMI, based in Biddeford, Maine, and Woonsocket, Rhode Island, specializes in high-temperature materials and reinforced composites, particularly Carbon/Carbon composites.
FMI's products are important components in thermal protection systems, re-entry vehicle nose tips, and rocket motor components, serving both defense platforms and NASA programs including Stardust, Mars Curiosity, Orion, and Mars 2020. The business employs approximately 400 engineers and production personnel.
For Tex-Tech, this acquisition adds strategic value by expanding their portfolio of thermally protective materials, particularly in the growing space and defense industry. Morgan Stanley & Co. is serving as lead financial advisor to Spirit, while Lincoln International is advising Tex-Tech on the transaction.
Spirit AeroSystems (NYSE: SPR) has entered into a purchase agreement to sell Fiber Materials, Inc. (FMI) to Tex-Tech Industries for $165 million in cash. FMI, based in Biddeford, Maine, and Woonsocket, Rhode Island, specializes in high-temperature materials and reinforced composites for defense platforms and NASA programs. The business employs approximately 400 engineers and production personnel. The acquisition will enhance Tex-Tech's portfolio in the space and defense industry.
Spirit AeroSystems (NYSE: SPR) has secured a second amended agreement with Airbus, featuring a $107 million non-interest-bearing line of credit. The funds will be used as advance payments for Airbus programme production and product delivery. The credit line's repayment obligations will either be assumed by Airbus or its affiliates upon closing of transactions outlined in their June 30, 2024 term sheet, or be repaid by April 1, 2026.
Spirit AeroSystems (NYSE: SPR) has secured an advance payments agreement with Boeing worth up to $350 million to support production of Boeing products. The agreement aims to address Spirit's challenges including high inventory levels, lower operational cash flows, decreased Boeing deliveries, higher factory costs, and impacts from a recent Boeing employee strike. The advance payment will be repaid in four equal installments of 25% each, scheduled for April 30, June 30, September 30, and December 31, 2026.
Spirit AeroSystems (NYSE: SPR) reported third quarter 2024 financial results with revenues of $1.5 billion and EPS of $(4.07). The company experienced cash usage of $276 million in operations and free cash flow usage of $323 million. The quarter was impacted by higher unfavorable changes in estimates, including net forward losses of $217 million, primarily from Boeing 787 and Airbus A220 programs. The company announced furloughs for approximately 700 employees due to the ongoing Boeing IAM strike. Spirit's backlog stands at $48 billion, while the pending Boeing acquisition is expected to close in mid-2025.
Spirit AeroSystems (NYSE: SPR) has announced employee furloughs in response to the ongoing Boeing strike that began on September 13. Effective October 28, the company will implement a 21-day furlough for approximately 700 employees working on the 767 and 777 programs. This decision comes due to storage capacity for these units.
Additional cost-saving measures include a hiring freeze, travel restrictions, and overtime limitations. If the strike continues beyond November, Spirit may need to implement layoffs and additional furloughs due to financial pressures. CEO Pat Shanahan emphasized the difficulty of this decision and the company's commitment to supporting affected employees and their families.
Despite these challenges, Spirit AeroSystems remains committed to maintaining high quality and safety standards, and meeting its obligations to customers, regulators, and the aerospace industry.
Spirit AeroSystems (NYSE: SPR), a global leader in aerostructures manufacturing, is set to launch its official podcast, 'The Shop Floor,' on August 27th. The podcast will be available on major platforms including Spotify, Apple Podcasts, Stitcher, Google Podcasts, and YouTube. Hosted by Spirit spokesperson Joe Buccino, the podcast aims to highlight the company's workforce of over 20,000 employees across the United States and overseas.
'The Shop Floor' will delve into Spirit's history, critical commercial and defense programs, and the birth of aviation in Wichita, Kansas - the company's headquarters and considered the aviation capital of the U.S. The podcast offers a unique perspective by giving voice to Spirit's workforce and showcasing individual stories from the shop floor.
Spirit AeroSystems (NYSE: SPR) reported Q2 2024 results with revenues of $1.5 billion and an EPS of $(3.56). The company faced challenges, including delivery delays due to ongoing product verification process optimization with Boeing. Key highlights:
- Delivered 27 Boeing 737 fuselages, lower than anticipated
- Cash used in operations: $566 million
- Free cash flow usage: $597 million
- Backlog: approximately $48 billion
- Recognized $214 million in net forward losses
- Entered merger agreement with Boeing, expected to close mid-2025
- Borrowed $200 million under a bridge term loan facility
The company's financial outlook was withdrawn due to the pending merger with Boeing.
Spirit AeroSystems Holdings, Inc. [NYSE: SPR] has announced the release date for its second quarter 2024 financial results. The company will publish the results on its investor relations website after the market closes on Monday, August 5, 2024. Notably, Spirit has suspended its quarterly earnings conference calls following the recent announcement of a merger agreement with The Boeing Company. This decision marks a significant change in the company's investor communication practices and could potentially impact how shareholders and analysts receive and interpret financial information.
Allegion (NYSE: ALLE), a global leader in security products, has announced the appointment of Stacy Cozad as Senior Vice President, General Counsel, and Corporate Secretary, effective August 5, 2024. Cozad succeeds Jeff Braun, who will retire on December 31, 2024. With nearly 30 years of experience, Cozad brings expertise in law, compliance, corporate communications, and cybersecurity. Previously, she served as EVP, General Counsel, and Corporate Secretary at Ingevity , managing $2 billion in 2023 revenue. John H. Stone, Allegion's CEO, highlighted Cozad's strategic problem-solving skills and dedication to core values, welcoming her to the executive leadership team to drive the company's growth and innovation.