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Boeing, Spirit AeroSystems
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.
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.
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.
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 reports ‘substantial doubt’ about its ability to keep operating
Spirit AeroSystems reported on Tuesday in a quarterly filing that “substantial doubt” exists about the company’s ability to continue “as a going concern.”
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 Aero Raises Doubts Over Ability to Continue as Going Concern
Last month, Spirit Aero said it was burning through dwindling cash reserves, as a strike by Boeing's U.S. factory workers hammered the Wichita, Kansas-based supplier that produces the fuselage for the planemaker’s strongest-selling 737 MAX jet.
Spirit AeroSystems raises doubts over ‘ability to continue as going concern’
Accordingly, these conditions and events raise substantial doubt about the Company’s ability to continue as a going concern…” Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.
1d
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 ...
Investing
5m
Exclusive-Boeing close to funding agreement to help supplier Spirit Aero, source says
(Reuters) -
Spirit
AeroSystems (NYSE:SPR) and
Boeing
(NYSE:BA) are close to reaching a funding agreement that would give ...
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 ...
4d
Key piece of Boeing's Spirit AeroSystems acquisition — involving aviation giant's arch-rival — remains on track
A Spirit spokesperson said Airbus' stated timeline for finalizing the purchase of certain Spirit assets "aligns with our ...
Business Insider on MSN
1d
Boeing's strike is over. Now, the hard work starts to turn things around.
"It will take time to work off the massive inventory that
Boeing
has today, but quality needs to improve as well," said ...
Stocktwits on MSN
2d
Boeing Hits 2-Year Low As Supplier Spirit AeroSystems Warns Of Cash Flow Crisis: Retail Faith Stays Afloat
Boeing Co. ($BA) shares slipped to a two-year low after falling over 3% to $144.13 on Wednesday morning after Spirit ...
UPI News on MSN
4d
Boeing's machinist union to vote on new contract
Boeing's machinists' union members will vote on a new contract proposal on Monday that offers a 38% pay increase over the ...
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