|Bid||79.40 x 800|
|Ask||79.41 x 800|
|Day's Range||78.88 - 82.65|
|52 Week Range||64.48 - 100.34|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||12.33|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||0.48 (0.59%)|
|1y Target Est||92.50|
“Late yesterday, Boeing alerted the Department of Transportation to the existence of instant messages between two Boeing employees, characterizing certain communications with the FAA during the original certification of the 737 MAX in 2016. Boeing explained to the Department that it had discovered this document some months ago,” the FAA said in a statement on its website. The FAA is also disappointed that Boeing did not bring this document to our attention immediately upon its discovery.
"Our employees are the key factor in the company's success, and I believe Spirit AeroSystems has some of the most dedicated and skilled employees in the world," said Prestwick Site General Manager Tommy Cowan. Spirit Prestwick employs approximately 1,000 people which support a commercial production powerhouse, an emerging center for integrated systems work, and existence as a trusted global source for maintenance and repairs. The Spirit Prestwick site was one of four finalists for the Employer of the Year award. Finalists were judged on commitment to the continual learning and development of staff, engagement with the long-term unemployed, employee benefits such as health plan or other incentives that help with staff retention, equal opportunities for all, and flexible working policies.
The window is narrowing, but Boeing has continued to maintain a target of returning the MAX by the end of the year.
WICHITA, Kan. , Oct. 17, 2019 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. will release its third quarter 2019 financial results at 6:30 a.m. Central Time Thursday , October 31, 2019. ...
Wichita-area suppliers still in the dark about when the Boeing Co.’s 737 MAX will return are in good company. United Airlines CEO Oscar Munoz on Tuesday had the same answer as everyone else to the most closely watched question in commercial aerospace. “You know, no one knows right?” Munoz said when asked about the MAX’s return timeline during an interview with CNBC’s Phil LeBeau following United's strong quarterly earnings report.
If you want to know who really controls Sproutly Canada Inc. (CNSX:SPR), then you'll have to look at the makeup of its...
Former CEO Larry Lawson filed a lawsuit against Spirit in March 2018 seeking to recover some $50 million he said was owed him from his retirement contract.
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The Boeing Co. on Tuesday reported that it sold a private variant of the 737 MAX in September to an undisclosed customer, ending a sales drought for the grounded jet. The order for a lone 737 MAX BBJ (Boeing Business Jet) comes as the manufacturer continues to work through the worldwide grounding of all 737 MAXes since March that followed two deadly crashes in five months of commercial versions of the jets. When delivered, the private MAX must abide by the same grounding orders as commercial aircraft. It’s the first order activity of any kind for new 737 since Boeing (NYSE: BA) surprised at the Paris Air Show in June with an announced order intent for up to 200 of the planes from International Airlines Group. However, because that order is not yet finalized, it does not appear in Boeing’s updated backlog. For the first nine months of the year, Boeing reported an order deficit on the 737 of 184 aircraft after factoring in cancellations and accounting protocols. That was the reason the company ended September with negative 84 net orders across all of its commercial models, leaving it well behind the performance of rival Airbus heading into the fourth quarter.
A 15-year-old trade dispute between Boeing and Airbus now sparking tariffs leaves Wichita and its aerospace supply base caught in the middle.
Bombardier announced in May that it would sell production facilities in Northern Ireland and Morocco as part of a restructuring of its aerospace assets.
MONTREAL/SEATTLE, Oct 3 (Reuters) - Spirit AeroSystems Holdings Inc has emerged as the front-runner to acquire Bombardier Inc's aerostructures facilities in Belfast and Morocco, two sources familiar with the matter told Reuters. A deal for the plants would be strategic for U.S. aerospace components maker Spirit, which is diversifying its customer base. Bombardier said in May it would sell off the two aerostructures operations, including a wing-making facility in Belfast, as the Montreal-based company sheds its commercial aviation businesses to focus on more profitable corporate jets and passenger rail cars businesses.
MONTREAL/SEATTLE (Reuters) - Spirit AeroSystems Holdings Inc has emerged as the front-runner to acquire Bombardier Inc's aerostructures facilities in Belfast and Morocco, two sources familiar with the matter told Reuters. A deal for the plants would be strategic for U.S. aerospace components maker Spirit, which is diversifying its customer base. Bombardier said in May it would sell off the two aerostructures operations, including a wing-making facility in Belfast, as the Montreal-based company sheds its commercial aviation businesses to focus on more profitable corporate jets and passenger rail cars businesses.
From the return to service to future production levels, few communities have as much riding on the MAX as Wichita.
With certification freshly under its belt, Textron Aviation has wasted little time in getting its new Cessna Citation Longitude business jet into the hands of its first customers. The company announced on Tuesday that it made the first deliveries of its new flagship super-midsize jet, marking an important revenue-driving milestone for the Textron Inc. (NYSE: TXT) division in Wichita. The manufacturer did not identify those first customers in a press release. The Longitude earned Federal Aviation Administration approval on Sept. 21, after a lengthy certification process delayed the jet’s anticipated entry into service by nearly two years. The company today is the city's second-largest employer with more than 9,300 workers, behind only Spirit AeroSystems Inc. (NYSE: SPR) and its more than 13,000 local workers.
The company continues to target the fourth quarter for the MAX to be back, but says that decision ultimately remains in the hands of regulators like the FAA.
The union that represents pilots for Southwest Airlines says that it could be February or even March before they are again flying the 737 MAX from the Boeing Co. According to a report from the Dallas Business Journal, the president of the Southwest Airlines Pilots Association, Jon Weaks, said this week that said by the time Boeing finalizes its software fixes, testing occurs in the actual planes, and the company and the pilots unions sign off on fixes, the MAX's return to revenue flying could be delayed well into the 2020 first quarter. The 737 MAX has been grounded since March following two deadly crashes of the jet in five months. Boeing has been working on software upgrades to plane’s flight control system and enhanced training to present to regulators from around the globe in hopes it will win the MAX the needed approvals to fly again. Southwest (NYSE: LUV) flies an all-737 fleet and currently has 34 of the MAX jets. The more than 700 other aircraft in that fleet are from the older Next-Generation model of the 737.
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...