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Boeing, Spirit AeroSystems
A key Boeing supplier has 'substantial doubt' it can stay in business
A major Boeing (BA) supplier is worried it won’t be able to continue as a business for much longer. Fuselage builder Spirit AeroSystems (SPR) worries it won’t have enough cash to continue operations.
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.
Spirit AeroSystems warns of ability to continue as going concern amid cash crunch
Boeing's (BA) key supplier and acquisition target, has raised substantial doubt about its ability to continue as a going concern amid mounting losses, rapid cash burn and production challenges. Its debt balance as of September 26 was $4.
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.
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 responds after Boeing strike ends
WICHITA, Kan. (KSNW) — 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.
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 Aero raises doubts over ability to continue as going concern
U.S. supplier Spirit AeroSystems said on Tuesday in a quarterly filing that substantial doubt exists about the company's ability to continue as a going concern.
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 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.
Spirit AeroSystems plans no additional furloughs or layoffs after Boeing strike ends
Wichita-based Spirit AeroSystems says it is not planning to implement additional furloughs or layoffs after Boeing workers approved a contract offer on Monday.
Wall Street Journal
17h
Spirit AeroSystems Issues Going-Concern Warning
Spirit
AeroSystems
Holdings warned it has substantial doubts about ... and defense aircraft said its liquidity has been ...
Morningstar
8d
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 ...
13d
Boeing CEO remains committed to Spirit AeroSystems purchase amid strike, financial issues
"Just to be clear, there's no change in our commitment to the Spirit acquisition and the integration," Boeing CEO Kelly ...
Flightglobal
13d
Production troubles push Spirit AeroSystems to $447m loss in third quarter
Aerostructures producer Spirit AeroSystems lost $477 million in the third quarter of 2024 due largely to significant charges ...
1d
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 ...
2d
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 ...
4d
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 ...
4d
Spirit AeroSystems union engineers to vote on new contract
The SPEEA said that on Oct. 7, the sides were far apart in negotiations, and they agreed to pause for three weeks.
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