NYSE - Nasdaq Real Time Price USD

Spirit AeroSystems Holdings, Inc. (SPR)

31.54

-0.59

(-1.84%)

At close: April 24 at 4:00 PM EDT

31.56

+0.02

(+0.06%)

Pre-Market: 8:45 AM EDT

Boeing needs to 'think about their next airplane': Analyst

Boeing shares (BA) are still down ahead of Wednesday's session close after it reported its first-quarter earnings results this morning. Topping revenue estimates by posting $16.57 billion, the aerospace manufacturer narrowed its forecasted losses per share to $1.13. Boeing is juggling priorities as it wades through a deluge of issues brought on by concerns over its manufacturing quality and numerous federal probes. Melius Research Managing Director of Aerospace, Defense & Space Robert Spingarn joins Market Domination to lay out why Boeing is looking "a little bit more complex of a recovery story" than previously forecasted. "The two most important things are the 737 and 787 production rates. Those are the two cash cows in the commercial airplane business and they need to stabilize those aircraft programs and raise those rates to generate cash," Spingarn explains. "Then they have to improve the defense business, and that did come in a little better than expected today, so that was one of the positives. But it's still a negative cash flow business and it's got to swing to positive by 2026 in order to hit that $10 billion number." Spingarn also touches on Boeing's bid to acquire Spirit Aerosystems (SPR) For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 16 hours ago

BA

SPR
-1.84%
Boeing, Spirit Aerosystems deal could be turnaround it needs

Boeing's (BA) issues continue to mount as the aerospace manufacturer grapples with shrinking orders, a growing backlog of orders it needs to fulfill, and more, according to its first-quarter earnings report. In the wake of the mid-air incident in January that sparked multiple investigations into Boeing's 737 Max jetliner by federal regulators, the company faces a PR setback from consumers and travelers unsure whether to trust its aircraft. Stifel Senior Research Analyst Bert Subin joins The Morning Brief to discuss Boeing's potential deal with Spirit Aerosystems (SPR) and how that can potentially turn things around for Boeing. "The reality is Boeing's number one issue has been sort of getting its arms around quality and a supply chain, and Spirit is a huge part of that. And there have been quality lapses in recent years," Subin tells Yahoo Finance. "And so by acquiring Spirit, you can better integrate... vertically the supply chain and give the customers and the regulators greater confidence that you're going to produce the highest quality product every time. And so from that perspective, I think it's really important for reputation and for showing an actionable step toward improving the business." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

Yahoo Finance Video 21 hours ago

BA

SPR
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Boeing Burns Through $4 Billion of Cash and Scales Back 737 MAX Production

Boeing burned through nearly $4 billion in the most recent quarter as fallout from the Alaska Airlines midair accident exacted a financial toll. The jet maker reported a $355 million loss as revenue fell 8% from a year ago in quarterly results that were slightly better than expected. Under pressure from airlines and regulators to clean up its operations, Boeing has slowed its factories and has stopped providing most financial targets.

The Wall Street Journal 18 hours ago

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BA
Will Spirit Aerosystems (SPR) Report Negative Q1 Earnings? What You Should Know

Spirit Aerosystems (SPR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks 22 hours ago

SPR
-1.84%
Boeing, Spirit agree $425 million deal to address fuselage supplier's issues

The agreement announced by Spirit on Tuesday comes amid talks between the two for Boeing to buy the fuselage supplier, a former subsidiary, and as the planemaker tries to get control of a sprawling crisis sparked by a mid-air panel blowout in January on a new Alaska Airlines 737 MAX 9. Under the deal, Spirit will maintain a production rate that supports Boeing's contractual production demand. Boeing said it continues "to work together with Spirit to improve quality, stabilize operations and support our customers."

Reuters yesterday

BA

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-1.84%
Boeing, Spirit agree $425 million deal to address supplier's issues

The agreement announced by Spirit on Tuesday comes amid talks between the two for Boeing to buy the fuselage supplier, a former subsidiary, and as the planemaker tries to get control of a sprawling crisis sparked by a mid-air panel blowout in January on a new Alaska Airlines 737 MAX 9. Under the deal, Spirit will maintain a production rate that supports Boeing's contractual production demand. Boeing said it continues "to work together with Spirit to improve quality, stabilize operations and support our customers."

Reuters yesterday

BA

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UPDATE 3-Boeing, Spirit agree $425 mln deal to address supplier's issues

Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the U.S. aviation regulator capped the planemaker's 737 MAX production. The agreement announced by Spirit on Tuesday comes amid talks between the two for Boeing to buy the fuselage supplier, a former subsidiary, and as the planemaker tries to get control of a sprawling crisis sparked by a mid-air panel blowout in January on a new Alaska Airlines 737 MAX 9. Under the deal, Spirit will maintain a production rate that supports Boeing's contractual production demand.

Reuters yesterday

BA

SPR
-1.84%
Boeing Plan to Buy Spirit Complicated by Airbus-Linked Factories

(Bloomberg) -- Boeing Co.’s plan to buy back supplier Spirit AeroSystems Holdings Inc. has become mired in protracted discussions over pricing for factories that make components for Airbus SE, complicating the US planemaker’s efforts to gain tighter control over manufacturing quality. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsRay Dalio

Bloomberg yesterday

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EADSY

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Update: Market Chatter: Boeing Bid for Spirit AeroSystems Muddled by Airbus Assets

Update: Market Chatter: Boeing Bid for Spirit AeroSystems Muddled by Airbus Assets

PREMIUM
MT Newswires yesterday

BA

EADSY

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Exclusive-Spirit AeroSystems limits overtime and hiring as Boeing 737 output drops

(Reuters) -Boeing's key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on Friday. Boeing's MAX jetliner production has fallen sharply in recent weeks as U.S. regulators step up factory checks and workers slow the assembly line outside Seattle to complete outstanding work. Boeing's deliveries dropped by half in March from a year ago as it deals with a sprawling crisis triggered by the Jan. 5 Alaska Airlines midair panel blowout.

Reuters 12 days ago

BA

SPR
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Boeing's company culture challenges go beyond safety: Analyst

A Senate subcommittee is set to hold a hearing next week to examine Boeing's (BA) safety culture. This comes after airlines reported numerous safety incidents in relation to the company's Boeing 737 MAX jet line. Melius Research Managing Director of Aerospace, Defense & Space Robert Spingarn joins Market Domination to provide insight on the upcoming hearing, Spingarn hones in on cultural issues within the company, noting the "distance" between the factory floor and executives. The divide was intensified by Boeing's decision to move its headquarters from Seattle to Chicago in the early 2000s, Spingarn says, calling the move a "disservice." In light of Boeing's leadership shake-up, Spingarn believes "the changes are gonna be more significant than they were in the past," which may help the company see a turnaround. With the current CEO, Dave Calhoun, set to resign at the close of 2024, Spingarn is uncertain whether Calhoun will remain in the role if a successor is chosen sooner. He emphasizes the need for the next CEO to have an engineering background and production floor experience — recommending names like Pat Shanahan and Gwen Shotwell. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

Yahoo Finance Video 13 days ago

BA

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HXL
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Exclusive-Airbus CEO says 'not unlikely' it will take some Spirit Aero plants

The head of Airbus told Reuters it is "not unlikely" that the European planemaker takes control of two U.S. and UK plants run by Spirit Aerosystems if Boeing goes ahead with plans to buy one of the industry's key suppliers. But Chief Executive Guillaume Faury said it was up to Boeing to fine-tune its intentions - having changed the status quo with a surprise plan to buy back its former unit - and Airbus would have a "word to say" about where the two factories ended up. The fate of the plants and their combined 4,000 workers - in Kinston in North Carolina and Belfast, Northern Ireland - has been swept up in the latest crisis at Boeing, which aims to buy its supplier to ease the fallout from a 737 MAX panel blowout.

Reuters 13 days ago

EADSY

BA

SPR
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Boeing Supplier Dives as Investors Pan ‘Unnerving’ CEO Pick

(Bloomberg) -- Hexcel Corp.’s shares tumbled the most in four years after the company appointed a CEO who recently resigned as the head of Spirit AeroSystems Holdings Inc., a rival supplier under scrutiny for manufacturing quality issues.Most Read from BloombergUS Sees Missile Strike on Israel By Iran, Proxies as ImminentUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 Minute

Bloomberg 14 days ago

BA

HXL
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SPR
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Investors in Spirit AeroSystems Holdings (NYSE:SPR) have unfortunately lost 60% over the last five years

While it may not be enough for some shareholders, we think it is good to see the Spirit AeroSystems Holdings, Inc...

Simply Wall St. 17 days ago

SPR
-1.84%
Financial Risks Abound as Boeing Tries to Stabilize Itself

Boeing is on track to stabilize its finances, but new leadership, a potential acquisition, labor negotiations and tougher regulatory oversight over its quality controls and production could add uncertainty to its efforts.

The Wall Street Journal 17 days ago

BA

SPR
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Why Spirit AeroSystems Stock Took Off in March

A failed experiment might soon be coming to a close.

Motley Fool 19 days ago

SPR
-1.84%
BA
Exclusive: Boeing, Airbus exploring framework to divvy up Spirit Aero's operations, sources say

Boeing and Airbus are edging towards a potentially coordinated deal to split operations of troubled supplier Spirit AeroSystems, taking on plants needed to support their top jet programs, people familiar with the matter said. If successful, any agreement involving the two aerospace giants would end Boeing’s 20-year effort to farm out key elements of its production process as it grapples with a sprawling crisis that erupted after a January mid-air panel blowout on a 737 MAX plane. But in order for Boeing to regain control of its supply chain, it has to deal with its arch-rival Airbus, which accounts for roughly one-fifth of Spirit’s revenues.

Reuters 20 days ago

BA

EADSY

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Glass Lewis recommends vote against two Spirit Aero directors

(Reuters) -Proxy advisory firm Glass Lewis has recommended that Spirit AeroSystems shareholders vote against the election of two directors, including the head of the aero parts supplier's risk committee, Ronald Kadish, at next month's annual meeting. Spirit and its biggest customer Boeing have come under regulatory and investor scrutiny following a Jan. 5 mid-air cabin panel blowout on a Boeing 737 MAX 9 jet, the fuselage for which was made by Spirit. The Federal Aviation Administration said last month its 737 MAX production audit found multiple instances where both companies allegedly failed to comply with manufacturing quality control requirements.

Reuters 20 days ago

SPR
-1.84%
UPDATE 2-Glass Lewis recommends vote against two Spirit Aero directors

Proxy advisory firm Glass Lewis has recommended that Spirit AeroSystems shareholders vote against the election of two directors, including the head of the aero parts supplier's risk committee, Ronald Kadish, at next month's annual meeting. Spirit and its biggest customer Boeing have come under regulatory and investor scrutiny following a Jan. 5 mid-air cabin panel blowout on a Boeing 737 MAX 9 jet, the fuselage for which was made by Spirit. The Federal Aviation Administration said last month its 737 MAX production audit found multiple instances where both companies allegedly failed to comply with manufacturing quality control requirements.

Reuters 20 days ago

SPR
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Why Boeing’s Quality Controls and Plane Safety Checks Still Miss Mistakes

Boeing was given 90 days to present regulators with an action plan to address quality-control issues at its 737 factory. Here’s a look at the layers of Boeing’s quality process and the issues each faces. Photo illustration: JJ Lin

WSJ 24 days ago

BA

SPR
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Performance Overview

Return	SPR	S&P 500
YTD	-0.76%	+6.33%
1-Year	+3.07%	+22.70%
3-Year	-31.58%	+21.33%

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Spirit AeroSystems Holdings, Inc. (SPR)

Boeing needs to 'think about their next airplane': Analyst

Boeing, Spirit Aerosystems deal could be turnaround it needs

Boeing Burns Through $4 Billion of Cash and Scales Back 737 MAX Production

Will Spirit Aerosystems (SPR) Report Negative Q1 Earnings? What You Should Know

Boeing, Spirit agree $425 million deal to address fuselage supplier's issues

Boeing, Spirit agree $425 million deal to address supplier's issues

UPDATE 3-Boeing, Spirit agree $425 mln deal to address supplier's issues

Boeing Plan to Buy Spirit Complicated by Airbus-Linked Factories

Update: Market Chatter: Boeing Bid for Spirit AeroSystems Muddled by Airbus Assets

Exclusive-Spirit AeroSystems limits overtime and hiring as Boeing 737 output drops

Boeing's company culture challenges go beyond safety: Analyst

Exclusive-Airbus CEO says 'not unlikely' it will take some Spirit Aero plants

Boeing Supplier Dives as Investors Pan ‘Unnerving’ CEO Pick

Investors in Spirit AeroSystems Holdings (NYSE:SPR) have unfortunately lost 60% over the last five years

Financial Risks Abound as Boeing Tries to Stabilize Itself

Why Spirit AeroSystems Stock Took Off in March

Exclusive: Boeing, Airbus exploring framework to divvy up Spirit Aero's operations, sources say

Glass Lewis recommends vote against two Spirit Aero directors

UPDATE 2-Glass Lewis recommends vote against two Spirit Aero directors

Why Boeing’s Quality Controls and Plane Safety Checks Still Miss Mistakes

Performance Overview