Can Spirit Aero survive and what it means for Boeing acquisition [Yahoo! Finance]
Spirit Aerosystems Holdings, Inc. (SPR)
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am
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US:NYSE Investor Relations:
investor.spiritaero.com
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Source: Yahoo! Finance
In its third-quarter financial report, the aerospace manufacturer disclosed "substantial doubt about the Company's ability to continue as a going concern exists." “The Company will require additional liquidity to continue its operations over the next 12 months,” the filing added. Spirit AeroSystems reported significant net losses of $1.5 billion year-to-date, with cash used in operations amounting to $1.25 billion. As the third quarter concluded, Spirit's debt stood at $4.4 billion, with cash and cash equivalents at a mere $217.6 million. The company also anticipates a cash burn of approximately $450 to $550 million over the coming three quarters. The company's financial challenges are partly attributed to complications with Boeing and Airbus. More concretely, the jet supplier has been affected by Boeing's decision to reject deliveries that require additional assembly or quality rework, leading to increased inventory and contract assets, along with reduced cash flow. Othe
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SPR
News
- Airbus CEO says Spirit Aero talks going well but industrial challenges lie ahead [Yahoo! Finance]Yahoo! Finance
- Spirit Announces Purchase Agreement with Tex Tech Industries for Intended Sale of Fiber Materials, Inc. (FMI) [Yahoo! Finance]Yahoo! Finance
- Spirit Announces Purchase Agreement with Tex Tech Industries for Intended Sale of Fiber Materials, Inc. (FMI)PR Newswire
- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Spirit AeroSystems Announces Second Amended and Restated Memorandum of Agreement with AirbusPR Newswire
SPR
Earnings
- 8/5/24 - Miss
SPR
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 8-K
- SPR's page on the SEC website