Spirit AeroSystems Raises Concerns About Going Concern Status
Spirit AeroSystems (SPR.N), a vital supplier to Boeing, has expressed “substantial doubt” regarding its ability to continue as a going… Read More »
Spirit AeroSystems to Furlough 700 Amid Boeing Strike
Spirit AeroSystems, a key supplier to Boeing, announced plans to furlough approximately 700 employees as the machinist strike at Boeing… Read More »
Spirit AeroSystems’ Losses Widen as Cash Reserves Drop Amid Boeing Strike
Spirit AeroSystems reported mounting losses in its third-quarter earnings, with net losses reaching $217 million, more than double the $101… Read More »
Spirit AeroSystems Faces 737 Fuselage Inventory Surge
Spirit AeroSystems is currently facing a significant buildup in its 737 inventory due to fluctuations in the production rates between… Read More »
Boeing and Spirit AeroSystems Face Safety Scrutiny at Federal Hearing Over 737 Max Incident
Boeing and its fuselage supplier, Spirit AeroSystems, are under examination at a two-day federal safety hearing that started Tuesday, focusing… Read More »
Spirit AeroSystems CEO Patrick Shanahan to Receive $28.5 Million Exit Package Following Boeing Merger
Patrick Shanahan, CEO of Spirit AeroSystems, is set to receive a substantial $28.5 million payout as the company finalizes its… Read More »
Boeing’s Strategic Moves: Spirit AeroSystems Acquisition and CEO Speculations
Boeing is making significant strategic moves, with its recent announcement on July 1 of acquiring Spirit AeroSystems, its largest supplier,… Read More »
Airbus Secures $559 Million Compensation in Spirit AeroSystems Deal for Loss-Making Operations
Airbus has announced a strategic acquisition involving specific loss-making operations of Spirit AeroSystems, as part of a wider plan that… Read More »