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Boeing, Spirit AeroSystems
Boeing supplier Spirit AeroSystems says there’s ‘substantial doubt’ about its ability to keep operating
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability to keep running as a “going concern,” as losses, debt, and difficulties at jet maker Boeing Co.
Boeing Supplier Spirit Aero Adds Another Worry to the Stock’s Turnaround Story
Boeing and the aerospace supply chain have navigated a costly labor strike with surprising ease. One of Boeing’s key suppliers, however, has run into significant trouble. Tuesday, fuselage supplier Spirit AeroSystems filed its quarterly report with the Securities and Exchange Commission.
Key Boeing supplier Spirit Aero raises doubts over ability to continue as going concern
Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company would be able to continue as a going concern.
New Spirit AeroSystems filing raises further concern over company's health
"We retain a range of options and levers to address our financial and spacing constraints and are working with our customers on these matters," a Spirit spokesperson said.
Spirit AeroSystems Issues Going-Concern Warning
The designer and manufacturer for commercial and defense aircraft said its liquidity has been affected in part by the strike at Boeing and limitations on that company’s ability to increase production.
Spirit AeroSystems Reports "Substantial Doubt" Over Continuing As A Going Concern
In Q3, despite its quarterly revenues climbing slightly to $1.47 million from $1.43 million, Spirit AeroSystems’ costs ballooned to $1.7 billion, resulting in an operating and net loss of $350.1 million and $476.6 million, respectively.
Spirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing's sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
Boeing Supplier Spirit AeroSystems Faces Liquidity Challenges, Raises Doubts About Ongoing Viability
Spirit AeroSystems Holdings Inc. (SPR), a major supplier to Boeing, reported significant operating losses in recent years and raised
Spirit AeroSystems responds after Boeing strike ends
Wichita-based Spirit AeroSystems says it will soon end the furloughs of some of its employees and has no immediate plans to implement additional furloughs or layoffs after Boeing workers approved a contract offer on Monday.
23h
In wake of Spirit SEC filing, aerospace analyst 'would not be surprised' to see another Boeing cash advance
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
Yahoo Finance
1h
Spirit AeroSystems' Future Faces 'Substantial Doubt'
On Monday,
Boeing
's union machinists voted to accept the company's contract offer and end a strike that stretched for more ...
Morningstar
10d
As Boeing's Takeover of Spirit AeroSystems Approaches, Going It Alone Becomes Less and Less Viable
Spirit
AeroSystems
was the largest independent aerostructure manufacturer, originally spun out of
Boeing
in 2005. The firm produces fuselages, wing structures, and structures that house and ...
9h
The Boeing strike ends, United stock flies, and all about boarding planes: Airlines news roundup
United Airlines shares are doing really well. Boeing machinists finally voted to end their strike and approve a new union ...
1d
on MSN
Boeing's strike is over. Now, the hard work starts to turn things around.
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...
3d
on MSN
Boeing Union Votes to End Strike
Boeing’s machinists ratified a new labor deal, ending a paralyzing strike after nearly eight weeks and clearing the way for ...
4d
Boeing machinists agree to new contract, ending weeks-long strike
Related
Boeing
Machinists reject deal to end nearly six-week strike
Boeing
to lay off 17,000 workers, delay 777X rollout ...
6d
Spirit AeroSystems, SPEEA announce tentative, four-year agreement with at least 19% pay bump
Spirit AeroSystems and Society of Professional Engineering Employees in Aerospace negotiators have come to terms on a ...
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