Spirit AeroSystems Reports Third Quarter 2024 Results

Spirit AeroSystems Reports Third Quarter 2024 Results

WICHITA, Kan., Oct. 23, 2024 /PRNewswire/ — Third Quarter 2024 Revenues of $1.5 billion EPS of $(4.07); Adjusted EPS* of $(3.03) Cash used in operations of $276 million; Free cash flow* usage of $323 million Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (“Spirit,” “Spirit AeroSystems” or the “Company”) reported third quarter 2024 financial results. “We remain … Read more

Boeing, Airbus announce plans to buy parts of subcontractor Spirit AeroSystems

Boeing, Airbus announce plans to buy parts of subcontractor Spirit AeroSystems

Boeing announced plans to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction. Spirit is part of the aerospace giant’s supply chain. Boeing, located in Arlington, Virginia, announced the purchase in a statement early Monday. Spirit is headquartered in Wichita, Kansas. At about the same time, European aerospace giant Airbus said it had entered … Read more

‘Extremely Dumb’ Arson Attack Means Tesla’s German Plant Won’t Have Power For 10 More Days

‘Extremely Dumb’ Arson Attack Means Tesla’s German Plant Won’t Have Power For 10 More Days

Good morning! It’s Thursday, March 7, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Arsonists Shut Down German Tesla Plant For Weeks Tesla’s Gigafactory in Germany isn’t expected to have … Read more

Spirit AeroSystems Confirms Discussions with Boeing

Spirit AeroSystems Confirms Discussions with Boeing

WICHITA, Kan., March 1, 2024 /PRNewswire/ — Spirit AeroSystems Holdings, Inc. [NYSE: SPR] today confirmed that it is currently engaged in discussions with Boeing about a possible acquisition of the Company by Boeing. No assurances can be given that a definitive agreement will be entered into, that any transaction will be consummated, or the timing, terms … Read more

Spirit AeroSystems Names Jane Chappell to Board of Directors

Spirit AeroSystems Names Jane Chappell to Board of Directors

WICHITA, Kan., Feb. 26, 2024 /PRNewswire/ — Spirit AeroSystems Holdings, Inc. [NYSE: SPR] today announced that Jane P. Chappell will join the company’s Board of Directors, effective Feb. 26, 2024. She will serve on the Corporate Governance and Nominating Committee and the Risk Committee. Chappell has more than four decades of experience, 17 years at … Read more

Spirit AeroSystems Statement – Alaska Airlines Flight 1282

Spirit AeroSystems Reports Third Quarter 2024 Results

WICHITA, Kan., Jan. 8, 2024 /PRNewswire/ — We are grateful the Alaska Airlines crew performed the appropriate procedures to land the airplane with all passengers and crew safe. At Spirit AeroSystems, our primary focus is the quality and product integrity of the aircraft structures we deliver. Spirit is a committed partner with Boeing on the 737 … Read more