NYSE USD

Spirit AeroSystems Holdings, Inc. (SPR)

32.90

-0.03

(-0.09%)

At close: April 22 at 4:00 PM EDT

33.20

+0.30

(+0.91%)

Pre-Market: 4:55 AM EDT

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 10 days ago

BA

SPR
-0.09%
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 11 days ago

BA

SPR
-0.09%
HXL
+1.31%
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 11 days ago

EADSY

BA

SPR
-0.09%
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 12 days ago

BA

HXL
+1.31%
SPR
-0.09%
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. 14 days ago

SPR
-0.09%
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 15 days ago

BA

SPR
-0.09%
Why Spirit AeroSystems Stock Took Off in March

A failed experiment might soon be coming to a close.

Motley Fool 17 days ago

SPR
-0.09%
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 18 days ago

BA

EADSY

SPR
-0.09%
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 18 days ago

SPR
-0.09%
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 18 days ago

SPR
-0.09%
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 22 days ago

BA

SPR
-0.09%
UPDATE 1-Important to have stable relations with Spirit, Airbus CFO says

Airbus, Chief Financial Officer Thomas Toepfer stressed the importance of a stable relationship with supplier Spirit AeroSystems, in a newspaper interview published on Thursday, as rival Boeing mulls plans to buy the firm. "It is important that we have a stable relationship with this supplier," Toepfer told Switzerland's Boersen-Zeitung. The U.S. planemaker is exploring offloading or redeploying specific Spirit businesses that supply key Airbus components if it reaches a deal, Reuters reported last week.

Reuters 26 days ago

EADSY

BA

SPR
-0.09%
RPT-Boeing may turn to outsider CEO to tackle spiraling crisis

Boeing's board has begun the search for a big-hitter to take the helm of the troubled planemaker following the turbulent tenure of CEO Dave Calhoun, with many industry executives and analysts predicting it will seek an outside remedy. Facing mounting pressure from airlines, regulators and investors, Boeing on Monday announced a broader than expected shakeup with Calhoun, 66, stepping down by year-end on the heels of the company's commercial planemaking chief and its chairman. The new CEO will face numerous tasks, including improving the company's safety culture, addressing quality issues and regaining the trust of regulators, customers and the public.

Reuters 27 days ago

BA

SPR
-0.09%
Boeing’s Next CEO Will Have ‘Massive Job’ at Company in Crisis

David Calhoun was brought in to fix Boeing’s issues, but he will leave a big repair job for the next leader.

The Wall Street Journal 28 days ago

SPR
-0.09%
BA
Boeing may turn to outsider CEO to tackle spiraling crisis

(Reuters) -Boeing's board has begun the search for a big-hitter to take the helm of the troubled planemaker following the turbulent tenure of CEO Dave Calhoun, with many industry executives and analysts predicting it will seek an outside remedy. Facing mounting pressure from airlines, regulators and investors, Boeing on Monday announced a broader than expected shakeup with Calhoun, 66, stepping down by year-end on the heels of the company's commercial planemaking chief and its chairman. The new CEO will face numerous tasks, including improving the company's safety culture, addressing quality issues and regaining the trust of regulators, customers and the public.

Reuters 28 days ago

BA

SPR
-0.09%
Spirit AeroSystems Stock Rises After Calhoun All But Assured a Take Over. What Is It Worth?

Shares of Boeing supplier Spirit AeroSystems were on the move Monday after comments from outgoing Boeing CEO Dave Calhoun.

Barrons.com 28 days ago

BA

SPR
-0.09%
^GSPC
The 5 big threats Boeing faces as CEO departs

A lot is at stake for Boeing as it navigates the fallout from the Alaska Airlines door plug incident, 737 Max issues, and mounting regulatory hurdles.

Yahoo Finance 28 days ago

UAL

^DJI

ALK
+1.16%
Boeing’s CFO Hammers Hopes for Cash Flow. The Stock Is Up.

Brian West discussed quality, Spirit AeroSystems, and the jet maker’s manufacturing practices at a conference on Wednesday,

Barrons.com last month

BA

SPR
-0.09%
Boeing targets a culprit of 737 MAX production woes: 'Traveled work'

Boeing's CFO today outlined the steps the company is taking to address a series of issues affecting the safety and reliability of its planes (not to mention the company’s reputation).

Yahoo Finance last month

SPR
-0.09%
BA
Exclusive-Boeing mulls shedding Airbus work in potential Spirit Aero deal

Boeing is looking at how Spirit AeroSystems could shed or sharply reduce its ties to Airbus, as the supply-chain giant's work for the European planemaker poses complications in rival Boeing's attempt to acquire its former subsidiary. The U.S. planemaker is exploring offloading or redeploying specific Spirit businesses that supply key Airbus components if it reaches a deal, according to sources familiar with the matter. Boeing and Airbus are the world's only major commercial aircraft makers, and both are trying to solve quality problems and hold down costs as the former deals with a crisis caused by a mid-air cabin panel blowout on a 737 MAX 9 in January.

Reuters last month

EADSY

BA

SPR
-0.09%

Performance Overview

Return	SPR	S&P 500
YTD	+3.52%	+5.05%
1-Year	+7.52%	+21.22%
3-Year	-27.96%	+20.06%

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Spirit AeroSystems Holdings, Inc. (SPR)

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

UPDATE 1-Important to have stable relations with Spirit, Airbus CFO says

RPT-Boeing may turn to outsider CEO to tackle spiraling crisis

Boeing’s Next CEO Will Have ‘Massive Job’ at Company in Crisis

Boeing may turn to outsider CEO to tackle spiraling crisis

Spirit AeroSystems Stock Rises After Calhoun All But Assured a Take Over. What Is It Worth?

The 5 big threats Boeing faces as CEO departs

Boeing’s CFO Hammers Hopes for Cash Flow. The Stock Is Up.

Boeing targets a culprit of 737 MAX production woes: 'Traveled work'

Exclusive-Boeing mulls shedding Airbus work in potential Spirit Aero deal

Performance Overview