Boeing union strike won't last too long, analyst explains why [Yahoo! Finance Canada]
Spirit Aerosystems Holdings, Inc. (SPR)
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am
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Source: Yahoo! Finance Canada
union members voted to rejec t a tentative labor agreement and go on strike. Bloomberg Intelligence analyst George Ferguson joins Morning Brief to break down the news and how it may add to an already rocky year for the company. Ferguson believes that the strike is "extremely significant" to Boeing's second-half recovery as it looked to deliver more of its 737 jets. "It's their money-making airplane, best cash generator, best profit generator. So to have deliveries get shut down on that is really problematic for their financials," he explains Ferguson notes that the workers on strike are likely looking at the agreement at Spirit AeroSystems ( SPR ), and will likely seek higher pay and a bigger commitment on the successor to the 737. "The way the commitment was written, Boeing sort of guaranteed to the union that they would build that airplane in the Pacific Northwest if it was launched in the next four years. I suspect they would want maybe a bigger commitment on that... That would
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SPR
News
- Exclusive-Boeing close to funding agreement to help supplier Spirit Aero, source says [Yahoo! Finance Canada]Yahoo! Finance Canada
- Spirit AeroSystems' Future Faces 'Substantial Doubt' [Yahoo! Finance]Yahoo! Finance
- Spirit AeroSystems Warns of Potential Insolvency Amid Cash Challenges [Yahoo! Finance]Yahoo! Finance
- Spirit AeroSystems says layoffs, furloughs may be needed [Yahoo! Finance]Yahoo! Finance
- Spirit AeroSystems plans no additional furloughs or layoffs after Boeing strike ends [Yahoo! Finance]Yahoo! Finance
SPR
Earnings
- 8/5/24 - Miss
SPR
Sec Filings
- 11/5/24 - Form 8-K
- 11/5/24 - Form 10-Q
- 10/24/24 - Form 8-K
- SPR's page on the SEC website