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-0.00163185378590081 -0.0062010443864229 -0.00685378590078332 -0.0039164490861618 -0.0055483028720626 -0.0032637075718015 -0.00815926892950392 -0.00718015665796341
Stock impact report

Spirit AeroSystems' Future Faces 'Substantial Doubt' [Yahoo! Finance]

Spirit Aerosystems Holdings, Inc. (SPR) 
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.spiritaero.com
Company Research Source: Yahoo! Finance
As the troubled plane maker gets back to business, the deal couldn't have come at a more crucial time for suppliers—and it's possible it didn't come quickly enough for one key partner. On Tuesday, Spirit AeroSystems raised flags when it said the company faced "substantial doubt" over its ability to continue operating. The Boeing strike forced Spirit, which makes fuselages for Boeing's 737 Max aircraft, to burn through cash reserves. Most Read on IEN: Musk Says $25,000 EV Is 'Pointless' Butcher Harvests Invasive Raccoons to Make Meatballs Rare Cars Found in Secret ‘Junkyard' Sold for Millions PODCAST: Rivian's Safety Problems; Musk's 'Silly' EVs; Lilium Out of Money According to a recent earnings report, Spirit ended Q3 with just $218 million cash on hand. The company previously announced a $425 million advance from Boeing, but that remains unpaid. The company also secured a $350 million bridge loan, and by the end of Q3, the entire amount had been borrowed. Spirit is Show less Read more
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