|Bid||70.04 x 20000|
|Ask||71.43 x 20000|
|Day's Range||69.94 - 69.94|
|52 Week Range||58.85 - 87.89|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||11.42|
|Forward Dividend & Yield||0.43 (0.56%)|
|1y Target Est||N/A|
WICHITA, Kan. (AP) — Aircraft parts maker Spirit AeroSystems faces more than $193,000 in penalties after government officials alleged the Wichita company exposed some employees to a known carcinogen.
The company responsible for 70% of the 737's structure is trying to navigate through the crisis while taking steps to avoid a repeat.
The crisis with Boeing's most popular aircraft has thrown into doubt orders for a raft of parts makers who have been investing heavily to meet record-breaking demand from the world's biggest planemaker over the past two years. Spirit, which makes fuselage, structural engine components and wing parts for the MAX, did a deal with Boeing last month to stick to its current parts delivery schedules for now, and its profits in the first quarter were up 30 percent, according to Wednesday's quarterly results. Boeing however has announced cutbacks in its monthly production of MAX jets to 42 from 52 and while it says it is nearing certification for a software fix for the jet, airlines are assuming the planes will not be back in the air before August.
The Wichita, Kansas-based company said it had profit of $1.55 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.68 per share. The results surpassed Wall Street expectations. ...
Spirit AeroSystems Holdings Inc on Wednesday followed Boeing Co's lead in suspending its full-year outlook in reaction to the groundings of the U.S. planemaker's 737 MAX jets. Spirit also reported a 30.1 ...
Friday's Boeing 737 Max production cut wasn't a shock, but Wall Street is reassessing how long headwinds will last for Boeing and its suppliers and customers.
plunged on Monday on a downgrade after an analyst at Canaccord Genuity downgraded the company's stock, citing near-term risk associated with its plans to maintain its current per-month delivery pace of 737 MAX shipsets. In a research note, Canaccord Genuity analyst analyst Ken Herbert downgraded Spirit AeroSystems to hold from buy, citing the company's "surprise move" to continue producing 737 MAX shipsets at its facilities, and then store the accumulated shipsets until Boeing needs them for production. "Spirit and Boeing have agreed to work together to minimize the disruption to Spirit operations and the supply chain," Spirit AeroSystems CEO Tom Gentile said in a statement on Monday.
U.S. aircraft parts maker Spirit Aerosystems' secured conditional EU approval on Wednesday to buy Asco Industries after agreeing to modify a joint venture which deals with Airbus to avoid the possibility of anti-competitive practices. Spirit announced the $650 million deal in May last year to boost sales to Airbus. The European Commission said it was concerned about the impact of the deal on Belairbus, a joint venture between Asco, plane parts maker Sonaca and BMT Eurair.
The Boeing 737 Max has been grounded by the U.K. and other countries and carriers as the fallout from Sunday's deadly crash grows. Boeing stock fell again.
Spirit AeroSystems Holdings Inc is an independent non-OEM aircraft parts designer and manufacturer of commercial aerostructures. The Company design, engineer, and manufactures fuselages,wing structures, nacelles, pylons, and flight control surfaces. The dividend yield of Spirit AeroSystems Holdings Inc stocks is 0.49%.
Spirit AeroSystems views Airbus's effort to trim A220 manufacturing costs as a chance land new contracts by beating out existing competitors.
A top Boeing executive has expressed confidence Spirit AeroSystems will meet the next 737 production increase while reiterating that remaining supply chain problems stem largely from CFM International.
Spirit AeroSystems has restarted the regulatory process required to complete a $650 million acquisition of SRIF, parent of Belgium-based aircraft component maker Asco.
Spirit AeroSystems Holdings Inc forecast 2019 profit and revenue above Wall Street estimates on Friday, as it prepares to meet higher demand for fuselages and other aircraft parts from top customer Boeing Co, sending its shares up as much as 5.2 percent. Spirit expects revenue growth of about 14 percent in 2019, largely driven by Boeing's 737, Chief Executive Officer Tom Gentile said on a post-earnings conference call with analysts. "That's our largest program (737) and it's going up." Spirit makes about 70 percent of Boeing's best-selling commercial jetliner 737's structure.
On a per-share basis, the Wichita, Kansas-based company said it had profit of $1.68. Earnings, adjusted for non-recurring costs, came to $1.85 per share. The results surpassed Wall Street expectations. ...
Aircraft parts maker Spirit AeroSystems Holdings Inc reported a 7 percent rise in quarterly revenue, helped by higher deliveries to its top customers Boeing Co and Airbus SE. Net income rose to $177.6 ...
Ethiopia released its preliminary flight info on the Boeing 737 Max crash. CNBC's Phil LeBeau joins the 'Squawk on the Street' team to discuss.