Spirit AeroSystems Hlds

Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats and wing structures. The Defense & Space segment offers fixed wing aircraft aerostructures, missiles and hypersonics and rotorcraft aerostructure. The Aftermarket segment includes development, production, and marketing spares and repair and overhaul (MRO) services related to commercial and defense & space program. The company was founded in 2005 and is headquartered in Wichita, KS.

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Spirit AeroSystems reports revenue growth amidst challenges, focuses on optimization

Spirit AeroSystems navigated challenges in 2022 with a focus on revenue growth, cost reduction, and production optimization. The company's performance in the Defense & Space segment was a highlight, contributing to a positive outlook. Despite facing supply chain and labor issues, Spirit AeroSystems remains proactive in addressing challenges and pursuing opportunities for growth.

Spirit AeroSystems tackles quality issues, eyes production improvements amid challenges

Spirit AeroSystems addresses quality issues, focuses on production standards, and strengthens relationships with Boeing. Despite challenges, the company is leveraging opportunities to enhance operations and financial performance.

Spirit AeroSystems reports Q2 revenue growth but faces supply chain challenges

Spirit AeroSystems faced challenges with supply chain disruptions impacting profitability, leading to negative free cash flow projections for the year.
Despite these challenges, the company demonstrated strengths in Defense & Aftermarket segments with strong revenue growth and operating margins.
Opportunities lie in increasing production rates, addressing supply chain issues, and focusing on operational execution for improved profitability and cash flow.
Overall, Spirit AeroSystems aims to stabilize its supply chain, increase production rates, and enhance financial health amidst industry challenges and forward losses.

Spirit AeroSystems reports revenue growth and positive impacts from Boeing agreement

Spirit AeroSystems' Q3 performance showed revenue growth and financial impacts from the Boeing agreement. The company faces challenges with disruptions, labor issues, and potential Airbus program impacts. Opportunities include positive cash flow projections and resolving negotiations with Airbus.

Spirit AeroSystems reports strong Q4 performance amidst challenges and opportunities

Spirit AeroSystems demonstrated robust financial performance in Q4 2023, driven by revenue growth, positive EPS, and operational improvements in production and quality.
While facing challenges such as forward losses and cash flow impacts, the company is focused on leveraging opportunities like debt reduction and quality-driven incentives for future growth.
Strategic initiatives in product safety, innovation, and cost management position Spirit AeroSystems for long-term success and operational excellence in the aerospace industry.

Spirit AeroSystems reports revenue growth, faces challenges in Airbus negotiations

Spirit AeroSystems reported improved revenue and operational performance in Q1 2024, with a focus on safety, quality, and financial stability.
Challenges include negotiations with Airbus, cash usage impact from production disruptions, and labor scarcity in key locations.
Opportunities lie in discussions with Boeing for potential acquisition, securing supply agreements with Airbus, and enhancing operational efficiency.
Overall, Spirit AeroSystems' strategic initiatives aim to address challenges, leverage strengths, and capitalize on growth opportunities for long-term success.

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Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense and Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which are related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats, and wing structures. The Defense and Space segment offers fixed wing aircraft aerostructures, missiles and hypersonic, and rotorcraft aerostructure. The Aftermarket segment includes development, production, and marketing spares and repair and overhaul services related to commercial and defense and space program. The company was founded in 2005 and is headquartered in Wichita, KS.

Spirit AeroSystems Holdings, Inc. (SPR) CEO Thomas Gentile on Q4 2021 Results - Earnings Call Transcript

WICHITA, Kan.--(BUSINESS WIRE)--Spirit AeroSystems Reports Fourth Quarter and Full-Year 2021 Results

Spirit AeroSystems Reports Fourth Quarter and Full-Year 2021 Results

Spirit AeroSystems is positioned well to benefit from the Boeing 737 MAX delivery revival. Boeing's key supplier leans on an inventory of 100 shipsets for the MAX and actively supports Boeing's production plans.

Don't Buy Boeing, Buy Spirit AeroSystems

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WICHITA, Kan.--(BUSINESS WIRE)--Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will release its fourth quarter and full-year 2021 financial results at 6:30 a.m. Central Time Wednesday, February 2, 2022. Spirit AeroSystems President and Chief Executive Officer Tom Gentile will be joined by Spirit's Senior Vice President and Chief Financial Officer Mark Suchinski and Spirit's Executive Vice President and Chief Operating Officer; President, Commercial Sam Marnick on a conference call presentation t

Spirit AeroSystems to Release Fourth Quarter and Full-Year 2021 Financial Results February 2

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Why I Still Like Disney, Verizon, And Spirit AeroSystems

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Truist analyst Michael Ciarmoli upgrades ratings and price targets for select Aerospace and Defense names. The analyst upgraded Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to Buy from Hold and raised the price target to $76 (an upside of 57%), from $39.

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WICHITA, Kan.--(BUSINESS WIRE)--Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced that William A. Fitzgerald and Patrick M. Shanahan have been named to the company's Board of Directors, effective November 12. Fitzgerald will serve on the Audit Committee and the Governance and Nominating Committee. Shanahan will serve on the Audit and Compensation Committees. Both Fitzgerald and Shanahan have decades of executive leadership experience in the aerospace industry. Fitzgerald joins Spiri

Spirit AeroSystems Names Fitzgerald, Shanahan to Board of Directors

Spirit AeroSystems' (SPR) revenues of $980 million miss the Zacks Consensus Estimate by 2.2%. However, the top line increases 22% year over year

Spirit AeroSystems (SPR) Q3 Earnings Miss, Revenues Rise Y/Y

Spirit AeroSystems Holdings, Inc. (SPR) CEO Thomas Gentile on Q3 2021 Results - Earnings Call Transcript

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) reported third-quarter operating revenue growth of 22% year-over-year to $980 million, missing the consensus of $1.02 billion. Sales by segments: Fuselage Systems $481.2 million (+14.3% Y/Y), Propulsion Systems $247.8 million (+45.1% Y/Y), Wing Systems $243 million (+44.4% Y/Y).

Spirit AeroSystems Stock Slides As Q3 Results Miss Estimates

WICHITA, Kan.--(BUSINESS WIRE)--Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (“Spirit” or the “Company”) reported third quarter 2021 financial results. Table 1. Summary Financial Results (unaudited) 3rd Quarter Nine Months ($ in millions, except per share data) 2021 2020 Change 2021 2020 Change         Revenues $980 $806 22% $2,883 $2,528 14% Operating Loss ($157) ($177) 11% ($380) ($711) 47% Operating Loss as a % of Revenues (16.0%) (21.9%) 590 BPS (13.2%) (28.1%) ** Net Loss ($114) ($156) 27

Spirit AeroSystems Reports Third Quarter 2021 Results

WICHITA, Kan.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to revisions to the first paragraph. The updated release reads: SPIRIT AEROSYSTEMS STATEMENT ON POSSIBLE FLAWED PARTS FROM MPS From March through July 2021, Boeing issued communications to its supply chain including Spirit AeroSystems Holdings, Inc. [NYSE: SPR] , identifying possible flawed parts, dating back to 2017 from Manufacturing Process Specification srl (MPS), based in Italy. Spirit does

CORRECTING and REPLACING Spirit AeroSystems Statement on Possible Flawed Parts from MPS

Spirit AeroSystems said on Friday it did not buy parts directly from an Italian sub-contractor under scrutiny over flawed parts on Boeing's 787 Dreamliner, but had taken action over parts Spirit had purchased indirectly.

Aero supplier Spirit says it took action over parts obtained indirectly from MPS

WICHITA, Kan.--(BUSINESS WIRE)--From March through July 2021, Boeing issued communications to its supply chain including Spirit AeroSystems Holdings, Inc. [NYSE: SPR] , identifying possible flawed parts, dating back to 2017 from Manufacturing Process Specification srl (MPS), based in Italy. Spirit does not buy parts or services directly from MPS. In its initial communication, Boeing stated that it had revoked approval of MPS. Upon receipt of information from Boeing identifying parts from sub-ti

Spirit AeroSystems Statement on Possible Flawed Parts from MPS

WICHITA, Kan.--(BUSINESS WIRE)--Today, Spirit AeroSystems Holdings, Inc. [NYSE: SPR] held a grand opening event and ribbon cutting ceremony for its National Defense Prototype Center (NDPC), a joint project with Wichita State University's National Institute for Aviation Research (NIAR). This new research center will significantly expand Spirit's capabilities and production efficiencies in the defense and space market. “NIAR has been a tremendous partner in the development of the National Defense

Spirit AeroSystems Opens National Defense Prototype Center

WICHITA, Kan.--(BUSINESS WIRE)--Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will release its third quarter 2021 financial results at 6:30 a.m. Central Time Wednesday, November 3, 2021. Spirit AeroSystems President and Chief Executive Officer Tom Gentile will be joined by Spirit's Senior Vice President and Chief Financial Officer Mark Suchinski and Spirit's Executive Vice President and Chief Operating Officer; President, Commercial Sam Marnick on a conference call presentation to securities an

Spirit AeroSystems to Release Third Quarter 2021 Financial Results November 3

Aircraft parts manufacturer Spirit AeroSystems said on Wednesday it is mandating COVID-19 vaccines for its 10,500 employees by Dec. 8 in line with an executive order for contractors signed by President Joe Biden last month.

Spirit AeroSystems to mandate vaccines for employees by Dec 8

ZHUHAI, China--(BUSINESS WIRE)--Spirit AeroSystems, Inc. ("Spirit"), a subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (“Spirit AeroSystems”), announced today it signed, through its Belfast, Northern Ireland operations (known as Short Brothers), an agreement with SF Airlines (SFA) to modify inlet cowlings for its Boeing 757 cargo freighters. SF Airlines CEO Mr. Li Sheng attended the contract signing with Mr. Kailash Krishnaswamy, General Manager of Spirit AeroSystems (Hangzhou) Ente

Spirit AeroSystems Announces Agreement to Upgrade 757 Fleet for SF Airlines in China

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) announced a new organizational structure to focus on growth in the key markets it serves. The company plans to organize three primary business divisions: Commercial, Defense & Space, and Aftermarket, beginning with the 2021 fiscal year-end results.

Spirit AeroSystems Establishes Business Divisions, Makes Organizational Changes

WICHITA, Kan.--(BUSINESS WIRE)--As part of its continuing efforts to diversify its business, Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (“Spirit” or the “Company”) announced a new organizational structure to focus on growth in the key markets it serves. Spirit will organize around three primary business divisions: Commercial, Defense & Space, and Aftermarket. Beginning with the 2021 fiscal year-end results, Spirit will report financial results based on these three external reporting segm

Spirit AeroSystems Positions for Continued Growth and Diversification of Its Business Across Key Market Segments

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Bernstein analyst Douglas Harned upgraded Boeing Co (NYSE:BA) to Outperform from Market Perform and raised the price target to $279, from $252, implying an upside of 27.7%. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) upgraded to Outperform from Market Perform, and the price target raised $66, up from $53, implying an upside of 53.1%.

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