MARKET COMPOSITE
SPR - Spirit Aerosystems Holdings Inc8:00:02 PM 7/26/2024
Price
$35.57
+ 0.06 (0.17%)
Spirit AeroSystems, Inc. , based in Wichita, Kansas, is the world's largest first-tier aerostructures manufacturer. The company builds several important pieces of Boeing aircraft, including the fuselage of the 737, portions of the 787 fuselage, and the cockpit section of the fuselage of nearly all of its airliners. Spirit also produces fuselage sections and front wing spars for the Airbus A350. Spirit's main competition comes from Triumph Aerostructures - Vought Aircraft Division, Collins Aerospace, Leonardo, and Kawasaki Heavy Industries. Spirit was formed when Boeing Commercial Airplanes sold its Wichita division to investment firm Onex. Boeing Defense, Space & Security retained its military business in Wichita, which lay on neighboring land, until Boeing sold most of those properties to Air Capital Flight Line. The Wichita division was responsible for construction of many important aircraft in Boeing's history, including the B-29 Superfortress, B-47 Stratojet, and B-52 Stratofortress. Spirit can trace its legacy back even further to Stearman Aircraft, which was founded on the same site; Stearman later became part of Boeing. Spirit also includes North American Aviation's former Tulsa and McAlester facilities , as well as additional facilities in Kinston, NC, Prestwick, Scotland, Saint-Nazaire, France, and Subang, Malaysia.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue1.7B-6%
Gross Profit-435.5MM-
Cost Of Revenue2.1B+41%
Operating Income-527.6MM-345%
Operating Expenses92.1MM-
Net Income-616.7MM-918%
R&D10.6MM-8%
G&A81.5MM+26%
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Stock news

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    Spirit AeroSystems Holdings, Inc. [NYSE: SPR] will release its second quarter 2024 financial results after the close of the market on Monday, August 5, 2024, which will be published on the Company's website at http://investor.spiritaero.com/. In light of the recent announcement of the merger agreement with The Boeing Company, Spirit has suspended quarterly earnings conference calls.

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    Aviation safety has recently shifted focus on aerospace stocks, with scrutiny primarily on Boeing (NYSE:BA) following several high-profile incidents. The most dramatic was the loss of an emergency door in flight. However, experts attribute this particular assembly issue to Spirit AeroSystems (NYSE:SPR), as that plant undertakes related work. Boeing has witnessed some positive news by agreeing on a deal to resolve outstanding civil litigation relating to 737 Max crashes from a few years ago. This

    The aerospace giant's latest delivery update contained some good news.

    For many of the global problems today, the solution will arrive via air mobility in the near future. Too much traffic? Flying cars! Overloaded airports and other overworked transportation infrastructure? Facilities to handle passengers and cargo at alternate sites like heliports. Meeting the demands of the burgeoning consumer class across the world? Air mobility brings in goods and services ranging from healthcare products to flying taxis. As always for investors, the challenge is to buy into th

    Boeing is taking back Spirit AeroSystems after two decades apart. The struggling jet maker said it would acquire fuselage manufacturer Spirit in a roughly $4.7 billion all-stock deal, after spinning Spirit off in 2005. Problem parts from Spirit have been at the center of Boeing’s quality issues, slowing production and delaying deliveries.

    The deal to buy Spirit AeroSystems has excited the market, but there's still a lot of work to do.

    Boeing (BA) is set to acquire Spirit AeroSystems for approximately $8.3 billion, including the company's most recent reported net debt.

    Boeing's long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker's search for a new CEO. Boeing has been looking for a new head after Dave Calhoun said in March he would step down by year-end, in a broad management shakeup following a January mid-air panel blowout on a 737 MAX plane. Several potential candidates have emerged, including Patrick Shanahan, who has been running Spirit AeroSystems for the past ...