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.
Spirit AeroSystems (NYSE: SPR) serves as a critical partner in global aerospace manufacturing, specializing in advanced aerostructures for commercial and defense markets. This dedicated news hub provides investors and industry professionals with verified updates, earnings reports, and strategic announcements directly from the company and trusted sources.
Access timely information on fuselage production milestones, wing system innovations, and defense contract developments. Our curated collection includes press releases covering supply chain initiatives, facility expansions, and technological advancements in composite manufacturing. Monitor updates about SPR's partnerships with leading aircraft manufacturers and its role in next-generation aviation programs.
Key content categories include quarterly financial results, production rate changes, leadership updates, and regulatory filings. Bookmark this page for consolidated access to operational updates from SPR's global facilities in Wichita, Prestwick, and Malaysia, along with analysis of market trends impacting aerospace suppliers.
For stakeholders tracking aviation manufacturing dynamics, this resource eliminates the need to scour multiple platforms. Check back regularly for unfiltered access to SPR's official communications and related industry context.
Boeing [NYSE: BA] announced a definitive agreement to acquire Spirit AeroSystems [NYSE: SPR] in an all-stock transaction valued at $4.7 billion, with a total transaction value of $8.3 billion, including Spirit's net debt. Spirit shareholders will receive Boeing shares based on an exchange ratio related to Boeing's share price. This acquisition aims to enhance Boeing's commercial production, safety, and quality management systems, ensuring continuity for key U.S. defense programs and providing long-term value to stakeholders. The deal also involves the sale of certain Spirit operations to Airbus and is expected to close by mid-2025, subject to regulatory approvals and other conditions.
Spirit AeroSystems [NYSE: SPR] announced that Mark Suchinski is stepping down as Senior Vice President and Chief Financial Officer. Irene Esteves, former Executive Vice President and Chief Financial Officer of Time Warner Cable, has been appointed the new CFO effective immediately. Suchinski will stay on for a transition period to assist Esteves. CEO Patrick M. Shanahan praised Suchinski's nearly two decades of leadership and welcomed Esteves' extensive experience and financial acumen, which will support Spirit AeroSystems' strategic initiatives. Spirit AeroSystems is a leading manufacturer of aerostructures for commercial airplanes, defense platforms, and business jets, with facilities in multiple countries.
Spirit AeroSystems reported their first quarter 2024 results with revenues of $1.7 billion and an EPS of $(5.31). They are engaged in acquisition discussions with Boeing. The company's revenue increased due to higher production activities. Operating loss rose primarily due to unfavorable changes in estimates and delays in Boeing 737 deliveries. Spirit's current Boeing 737 production rate is 31 aircraft per month. The company's backlog stands at $49 billion. Cash from operations and free cash flow were impacted by production disruptions. Guidance will not be provided until clarity on Boeing discussions and production timing is achieved. Spirit entered an agreement to receive $425 million from Boeing. An incremental forward loss of $50-60 million is expected due to a slower increase in Boeing 787 production. Segment results show increased revenue in the Commercial and Defense & Space segments. Aftermarket segment revenue slightly increased. Total operating loss as a percentage of revenues was 31.0%.
FAQ
What is the current stock price of Spirit Aerosys (SPR)?
What is the market cap of Spirit Aerosys (SPR)?
