Spirit AeroSystems Weighs Hundreds More Furloughs or Layoffs If Boeing Strike Goes Beyond Nov. 25
Spirit AeroSystems Gets Hit By Boeing Strike. What Is Means for GE, RTX and Other Suppliers. -- Barrons.com
boeing (BA.US) strikes triggered a "chain reaction," spirit aerosystems (SPR.US) Q3 losses widened
The major strike by Boeing (BA.US) American workers has severely affected the financial condition of its suppliers, with Spirit Aero's losses further deepening, currently continuously depleting cash reserves.
Boeing's Potential Acquisition of Spirit AeroSystems: Navigating Risks and Uncertainties
Spirit AeroSystems Non-GAAP EPS of -$3.03, Revenue of $1.5B Misses by $400M
Workers reject the latest pay raise proposal! Severe plight continues to haunt boeing(BA.US)
About 64% of the striking workers rejected a 35% pay raise; the strike hampered Boeing's recovery process from multiple crises.
Spirit Aerosystems' third-quarter revenue was lower than expected, with a significant year-on-year increase in net loss.
Gelonghui on October 24th | Boeing supplier Spirit AeroSystems announced its third-quarter performance, with revenue of $1.47 billion, a 2% year-on-year increase, lower than analysts' expected $1.67 billion; a net loss of $0.477 billion, analysts expected a loss of $0.204 billion; adjusted loss per share of $3.03, analysts expected a loss per share of $0.61. The company's CEO, Pat Shanahan, stated that the process of being acquired by Boeing is still on track and is expected to be completed by mid-2025. The company had previously announced that 700 workers would be laid off.
Spirit AeroSystems Widens Loss, Posts Lower-Than-Expected 3Q Earnings
Spirit Aerosystems (SPR) Reports Q3 Loss, Lags Revenue Estimates
Spirit Aerosystems: Q3 Earnings Snapshot
Spirit Aerosystems: Management Implementing Plans Designed to Improve Liquidity >SPR
Spirit Aerosystems: Boeing Advance of $425M Remains Unpaid as of End 3Q
Spirit Aerosystems: 3Q Cash From Operations, Free Cash Flow Hurt by Boeing 737 Delivery Delays >SPR
Express News | Spirit AeroSystems: Backlog at End of Q3 of 2024 Was Approximately $48 Bln
Express News | Spirit AeroSystems: Remain on Track to Close Acquisition by Boeing in Mid-2025
Express News | Spirit AeroSystems - if Strike Continues Beyond November, Financial Pressures May Require Company to Implement Layoffs and Additional Furloughs
Express News | Spirit AeroSystems - Effective October 28, Spirit Will Implement a 21-Day Furlough for Approximately 700 Employees Working on 767 and 777 Programs
Express News | Spirit AeroSystems - Spirit Will Not Provide Guidance
Express News | Spirit AeroSystems Q3 Revenue USD 1,471 Million Vs. IBES Estimate USD 1,697 Million
Express News | Spirit AeroSystems Reports Third Quarter 2024 Results