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Spirit AeroSystems Holdings, Inc.

SPR

Latest Trade

34.00USD

Change

0.00(0.00%)

Volume

18,214

Today's Range

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52 Week Range

13.69

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87.34

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Spirit Aerosystems Reports Third Quarter 2020 Results

Nov 3 (Reuters) - Spirit Aerosystems Holdings Inc <SPR.N>::SPIRIT AEROSYSTEMS REPORTS THIRD QUARTER 2020 RESULTS.Q3 ADJUSTED LOSS PER SHARE $1.34 EXCLUDING ITEMS.Q3 LOSS PER SHARE $1.50.Q3 EARNINGS PER SHARE ESTIMATE $-1.34 -- REFINITIV IBES DATA.Q3 REVENUE $806 MILLION VERSUS REFINITIV IBES ESTIMATE OF $780.7 MILLION.ENDED Q3 WITH A CASH BALANCE OF $1.4 BILLION.MADE SUBSTANTIAL PROGRESS ON STABILIZING LIQUIDITY POSITION AND DRIVING COST REDUCTION ACTIONS.QTRLY REVENUE DOWN PRIMARILY DUE TO SIGNIFICANTLY LOWER 737 MAX PRODUCTION AND IMPACTS OF COVID-19.

Bombardier And Spirit AeroSystems Amend Terms Of Purchase Agreement

Oct 26 (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N>::BOMBARDIER AND SPIRIT AEROSYSTEMS AMEND TERMS OF PURCHASE AGREEMENT, REDUCE NET PROCEEDS PURCHASE PRICE TO $275 MILLION AND EXPECT TO CLOSE ON OCT. 30, 2020.SPIRIT AEROSYSTEMS HOLDINGS INC - AMENDMENT REDUCES NET PROCEEDS PURCHASE PRICE PAYABLE TO BOMBARDIER SELLERS FROM $500 MILLION TO $275 MILLION.SPIRIT AEROSYSTEMS HOLDINGS INC - AMENDMENT REDUCES TOTAL ENTERPRISE VALUATION TO $865 MILLION..SPIRIT AEROSYSTEMS - ON U.S. GAAP BASIS, NET PENSION LIABILITIES OF SHORTS PENSION SCHEME TO BE ASSUMED BY SPIRIT ARE ABOUT $300 MILLION.SPIRIT AEROSYSTEMS HOLDINGS INC - PARTIES EXPECT TO CLOSE ACQUISITION ON OCT. 30, 2020.

Spirit Aerosystems Announces Expansion Of Aftermarket Footprint In Asia

Sept 24 (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N>::SPIRIT AEROSYSTEMS HOLDINGS ANNOUNCED EXPANSION OF AFTERMARKET FOOTPRINT IN ASIA THROUGH A MULTI-YEAR PARTNERSHIP WITH EVERGREEN AVIATION TECHNOLOGIES.SPIRIT AEROSYSTEMS HOLDINGS ALSO ANNOUNCED MAINTENANCE, REPAIR AND OVERHAUL (MRO) CUSTOMER AGREEMENT WITH EVA AIR FOR 777 GE90 NACELLES.

Spirit Aero Now Expects To Be Cash Flow Positive In 2022 - Conf Call

Aug 4 (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N>::SPIRIT AEROSYSTEMS CEO SAYS IN MID-JULY, CO MADE DECISION TO NOT RENEW THE SAN ANTONIO, TEXAS FACILITY LEASE - CONF CALL.SPIRIT AEROSYSTEMS CEO SAYS SHIFTING 737 SUBASSEMBLY WORK OUT OF CO'S MAIN PRODUCTION FACILITY INTO DIFFERENT LOCATIONS THAT ENABLE MORE LEAN AND EFFICIENT OPERATIONS.SPIRIT AEROSYSTEMS CEO SAYS MOVING WING BOX OF THE 737 FUSELAGE TO TULSA FACILITY AND THE 737 FORWARD FUSELAGE INTO A FORWARD FUSELAGE CENTER OF EXCELLENCE ON CO'S WICHITA CAMPUS.SPIRIT AEROSYSTEMS CEO SAYS DEVELOPING A NEW AUTOMATED PRODUCTION LINE TO IMPROVE THE ASSEMBLY OF SINGLE AISLE AIRPLANE FLOOR BEAMS; THE PROJECT IS ESTIMATED TO TAKE CURRENT CYCLE TIME OF 7 DAYS PER ASSEMBLY DOWN TO JUST HOURS.SPIRIT AEROSYSTEMS CEO SAYS CONTINUE TO SEE VALUE IN BOTH THE ASCO AND BOMBARDIER AEROSTRUCTURES DEALS; SAYS CO REMAINS ENGAGED IN DISCUSSION WITH THE PARTIES ON CLOSURE CONDITIONS.SPIRIT AEROSYSTEMS CFO SAYS CO HAS SUFFICIENT LIQUIDITY TO FUND PENDING ACQUISITIONS AND RUN CO'S OPERATIONS OVER THE NEXT 12 MONTHS.SPIRIT AEROSYSTEMS CFO SAYS CASH FLOW USAGE IS EXPECTED TO IMPROVE IN THE THIRD AND FOURTH QUARTERS, BUT CO CONTINUES TO EXPECT TO USE CASH FOR 2020.SPIRIT AEROSYSTEMS CEO SAYS NOW EXPECTS TO BE CASH FLOW POSITIVE IN 2022 INSTEAD OF 2021 AS ESTIMATED PREVIOUSLY.SPIRIT AEROSYSTEMS CEO SAYS WILL LAG BOEING ON THE 737 MAX PRODUCTION OVER THE NEXT 24 MONTHS.

Spirit Aerosystems Reports Q2 Adjusted Loss Per Share Of $2.28

Aug 4 (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N>::SPIRIT AEROSYSTEMS REPORTS SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED LOSS PER SHARE $2.28 EXCLUDING ITEMS.Q2 LOSS PER SHARE $2.46.Q2 EARNINGS PER SHARE ESTIMATE $-1.33 -- REFINITIV IBES DATA.Q2 REVENUE $644.6 MILLION.Q2 REVENUE ESTIMATE $863.2 MILLION -- REFINITIV IBES DATA.SPIRIT AEROSYSTEMS - DECIDED TO CONTINUE 20 PERCENT EXECUTIVE PAY REDUCTION AND FOUR-DAY WORK WEEK FOR SALARIED WORKFORCE THROUGH REMAINDER OF YEAR.AGGREGATE COST REDUCTION ACTIONS TAKEN THIS YEAR EXPECTED TO RESULT IN ANNUALIZED $1 BILLION SAVINGS.ANNOUNCED CLOSURE OF FACILITY IN SAN ANTONIO, TEXAS; CONTINUING TO EVALUATE ADDITIONAL FACILITY CLOSURES.AMENDED CREDIT AGREEMENT TO PROVIDE COVENANT RELIEF THROUGH 2022.CONTINUING TO EVALUATE ADDITIONAL FACILITY CLOSURES.RECORDED FORWARD LOSSES OF $194 MILLION, PRIMARILY ON 787 AND A350 PROGRAMS IN QUARTER.BACKLOG AT END OF Q2 OF 2020 WAS APPROXIMATELY $41 BILLION.DIRECTED BY BOEING TO PRODUCE 72 737 SHIPSETS IN 2020, AN 88% REDUCTION FROM 606 DELIVERED SHIPSETS IN 2019.IN QUARTER DELIVERED 159 SHIPSETS COMPARED TO 449 SHIPSETS IN Q2 2019 AND 324 SHIPSETS IN Q1 2020.PRODUCTION LEVELS IN QUARTER FELL 65% FROM LAST YEAR AND 51% FROM Q1.CURRENTLY EVALUATING POTENTIAL IMPACTS TO BOEING 787 AND AIRBUS A350 PROGRAMS.CURRENT PROJECTIONS DEMONSTRATE THAT WE WILL MAINTAIN SUFFICIENT LIQUIDITY FOR OPERATIONS OVER NEXT 12 MONTHS.EXPECTS TO INCUR INCREMENTAL FORWARD LOSSES IN Q3 OF 2020 OF ABOUT $25 TO $35 MILLION ON BOEING 787 PROGRAM.

Spirit Aerosystems Announces Amendment To Second Amended And Restated Credit Agreement

Aug 3 (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N>::SPIRIT AEROSYSTEMS HOLDINGS - ON JULY 31, CO, UNITS, ENTERED INTO AN AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT.SPIRIT AEROSYSTEMS - MAIN PURPOSE FOR ENTERING INTO AMENDMENT WAS TO OBTAIN COVENANT RELIEF WITH RESPECT TO EXPECTED BREACHES OF FIRST LIEN LEVERAGE.SPIRIT AEROSYSTEMS - MAIN PURPOSE FOR ENTERING INTO AMENDMENT WAS TO OBTAIN COVENANT RELIEF WITH RESPECT TO EXPECTED INTEREST COVERAGE RATIOS.SPIRIT AEROSYSTEMS - AS A CONDITION TO COVENANT RELIEF, REDUCED SIZE OF REVOLVER BY $300 MILLION TO $500 MILLION.SPIRIT AEROSYSTEMS - USED $100 MILLION OF CASH ON HAND TO PREPAY TERM LOAN, DELAYED DRAW TERM LOAN ON A PRO RATA BASIS.

Spirit Aerosystems Makes Further Workforce Adjustments

July 31 (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N>::SPIRIT AEROSYSTEMS MAKES FURTHER WORKFORCE ADJUSTMENTS TO ALIGN WITH LOWER MARKET DEMAND.SPIRIT AEROSYSTEMS HOLDINGS INC - WILL REDUCE HEADCOUNT ON COMMERCIAL PROGRAMS BY 1,100 EMPLOYEES..SPIRIT AEROSYSTEMS - WILL FURTHER REDUCE EMPLOYMENT AT FACILITY IN WICHITA, KAN., AS A RESULT OF MOST RECENT RATE REDUCTION ON 737 MAX, ONGOING PANDEMIC.SPIRIT AEROSYSTEMS HOLDINGS INC - HEADCOUNT CUT REPRESENTS 450 NEW LAYOFFS AT WICHITA SITE.SPIRIT AEROSYSTEMS HOLDINGS INC - 737 MAX PRODUCTION RATE REDUCTION IS LOWERING SPIRIT'S PRODUCTION FROM 125 UNITS TO 72 UNITS FOR 2020.

Spirit Aerosystems Says John Pilla, Senior Vice President And Chief Technology Officer, To Retire

July 30 (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N>::SPIRIT AEROSYSTEMS ANNOUNCES LEADERSHIP CHANGES.SPIRIT AEROSYSTEMS HOLDINGS INC - JOHN PILLA, SENIOR VICE PRESIDENT AND CHIEF TECHNOLOGY OFFICER, TO RETIRE.SPIRIT AEROSYSTEMS HOLDINGS INC - VIC MCMULLEN, SENIOR VICE PRESIDENT FOR GLOBAL MANUFACTURING AND BOEING OPERATIONS, TO RETIRE.SPIRIT AEROSYSTEMS HOLDINGS INC - SAM MARNICK WILL SERVE AS EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER.

Spirit AeroSystems Announces Quarterly Cash Dividend

July 15 (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N>::SPIRIT AEROSYSTEMS HOLDINGS INC - BOARD OF DIRECTORS DECLARED A REGULAR QUARTERLY $0.01 PER SHARE CASH DIVIDEND ON ITS OUTSTANDING COMMON STOCK.

Virgin Hyperloop And Spirit Aerosystems Announce Collaboration Agreement

June 25 (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N>::VIRGIN HYPERLOOP AND SPIRIT AEROSYSTEMS ANNOUNCE COLLABORATION AGREEMENT.SPIRIT AEROSYSTEMS HOLDINGS - COLLABORATION WITH VIRGIN HYPERLOOP WILL HELP TO SOLIDIFY HYPERLOOP PROTOTYPE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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