|Bid||80.14 x 800|
|Ask||80.09 x 800|
|Day's Range||78.95 - 81.27|
|52 Week Range||64.48 - 100.34|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||13.14|
|Earnings Date||Jan 30, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||0.48 (0.59%)|
|1y Target Est||94.00|
Three days will be added to the company's annual holiday break as nearly 90 737 MAX fuselages are now being stored in Wichita.
Today we'll evaluate Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to determine whether it could have potential as an...
With one month left to add to its count in 2019, the Boeing Co. has seen the number of commercial aircraft it has delivered this year cut in half in the wake of the grounding of its 737 MAX. New data from the company Tuesday revealed a total 345 deliveries through the end of November, down 50.9 percent from the 704 deliveries reported through the same period of 2018. Boeing halted deliveries of the 737 MAX in March after the plane was grounded following two crashes that killed 346 people.
The FAA is proposing a $3.9-million civil penalty against Boeing for what it alleges was a failure to adequately oversee a group of suppliers that includes Spirit.
Airbus has all but locked up the order and delivery crowns over the Boeing Co. for 2019, but the European manufacturer will need a record delivery month in December to hit its in-house goal. According to Airbus’ website, the company handed over 725 commercial aircraft to customers through November to leave it 135 deliveries short of its revised target for 2019. Airbus recorded a record month for deliveries last December, when it handed off 127 aircraft in the final month of 2018 to reach 800 deliveries on the year.
Spirit has work on all Boeing commercial programs, but the defense variant of the 767 could help drive hundreds of orders for the plane.
Bombardier Inc. on Wednesday announced plans to build a 1 million square-foot facility in Toronto for final assembly work on its Global business jet line. The company said in a press release that it has reached a long-term lease agreement with the Greater Toronto Airports Authority to build the manufacturing center at Toronto Pearson International Airport. Site work is under way and the facility is expected to open in 2023, where assembly operations will include the company’s new flagship Global 7500.
Spirit AeroSystems Inc. now has additional work on the Boeing Co. 767 that comes complete with a newly leased facility and more trips to Wichita by the Dreamlifter cargo jet. Spirit (NYSE: SPR) on Tuesday announced that it is now assembling the sections of the 767 that it builds to provide Boeing (NYSE: BA) an integrated forward fuselage for the wide-body jet. Previously, the company had built the forward fuselage in four sections and shipped them by rail to Boeing facilities near Seattle for integration.
Spirit AeroSystems [NYSE: SPR] has completed its first integrated 767 forward fuselage section for Boeing, an expanded statement of work on the Boeing platform, which serves as both a freighter and the basis for the KC-46 tanker for the U.S. Air Force. The unit is scheduled to be delivered tomorrow to Boeing in Everett, Wash.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
The Wichita City Council on Tuesday approved more than $100 million in industrial revenue bonds for local aerospace companies. The approved IRBs will help finance the completed construction of a new facility being leased to the city’s largest employer, Spirit AeroSystems Inc., and facility upgrades throughout 2019 for the second-largest employer, Textron Aviation. IRBs require no taxpayer commitment and the city acts only as a pass-through entity.
The bond financing is related to the construction of 144,000 square-foot facility being leased to the manufacturer.
Logistics surrounding the trip cost WSU Tech $12,000, with $10,000 of that coming from an anonymous donor.
Boeing has been hopeful that an updated version of MCAS could clear the grounded jet for an initial return by the end of the year.
As the existing MAX variants remain grounded, Boeing expects first flight of the largest version of the jet next year.
Administrator Steve Dickson said at the Dubai Airshow that it "remains to be seen" if the 737 MAX flies again in 2019.
Triumph has begun auctioning off equipment from facilities in Southern California that have supplied the 747 program since the 1960s.
Airbus' new "fello'fly" program touts potential fuel savings of up to 10 percent that would significantly cut emissions on every trip.
A unit of the Society of Professional Engineering Employees in Aerospace on Tuesday received a new contract offer from Spirit AeroSystems Inc. The deal would cover around 1,600 local workers represented by SPEEA’s Wichita Technical and Professional Unit (WPTU) and lands on the table more than a year before the current contract expires. SPEEA Midwest Director B.J. Moore says the union will be meeting with members this week to talk through the offer with mailed ballots going out next week.
The upgrades utilizing the financing are part of Spirit's previous plan to invest $1 billion in its facilities in Wichita.