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Spirit AeroSystems Holdings, Inc. - $SPR STOCK NEWS

Welcome to our dedicated page for Spirit AeroSystems Holdings news (Ticker: $SPR), a resource for investors and traders seeking the latest updates and insights on Spirit AeroSystems Holdings stock.

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Rhea-AI Summary
Patrick M. Shanahan appointed interim President and CEO of Spirit AeroSystems, replacing Thomas C. Gentile III. Gentile resigns from the Board. Shanahan brings extensive aerospace experience. Company to release Q3 2023 financial results on November 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.34%
Tags
management
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Rhea-AI Summary
Spirit AeroSystems Holdings, Inc. executives to speak at Jefferies Industrials Conference on Sept. 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
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none
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Rhea-AI Summary
Spirit AeroSystems addresses quality issue with 737 fuselage
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.67%
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none
Rhea-AI Summary
Spirit AeroSystems Holdings, Inc. (NYSE: SPR) reported Q2 2023 revenues of $1.4 billion, with an EPS of $(1.96) and adjusted EPS of $(1.46). The company ratified a new four-year contract with the International Association of Machinists and Aerospace Workers (IAM) after a work stoppage. The IAM contract negotiations and rework of the vertical fin attach fittings impacted production and deliveries, reducing full-year 737 deliveries to 370-390 units, negatively impacting expected revenue, earnings, and cash flow for 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.29%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.54%
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Rhea-AI Summary
Spirit AeroSystems suspends factory production as employees represented by IAM go on strike. Non-IAM employees should report to work as usual. The company is disappointed with the rejection of the contract offer and believes it recognizes employee contributions. Meetings with IAM leadership will continue.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.43%
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none
Spirit AeroSystems Holdings, Inc.

NYSE:SPR

SPR Rankings

SPR Stock Data

3.56B
108.64M
0.82%
98.35%
8.8%
Small Arms Ammunition Manufacturing
Manufacturing
Link
United States of America
WICHITA

About SPR

spirit aerosystems, with headquarters in wichita, kan., usa, is one of the world's largest non-oem designers and manufacturers of aerostructures for commercial aircraft. in addition to its wichita facilities, spirit has locations in tulsa and mcalester, okla.; kinston, n.c.; prestwick, scotland; preston, england; subang, malaysia; and saint-nazaire, france. in the u.s., spirit's core products include fuselages, pylons, nacelles and wing components. additionally, spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in north america, europe and asia. spirit europe produces wing components for a host of customers, including airbus.