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Airbus expects to firm up a deal to take over some of Spirit AeroSystems European operations in the next few weeks, the planemaker's CFO said on Thursday, as part of a transatlantic breakup of the aerostructures manufacturer.
Spirit AeroSystems said on Monday it expects to post a higher-than-expected quarterly revenue, driven by restarted production at the aerospace supplier's biggest customer, Boeing.
Boeing's key supplier Spirit AeroSystems has a substantial inventory of 737 fuselages of significantly improved quality that are ready to ship, an executive with the planemaker told a Seattle aerospace conference on Tuesday.
WICHITA, Kan., Jan. 31, 2025 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced that, at the special meeting of its shareholders held earlier today, its shareholders voted to approve the proposed acquisition of Spirit AeroSystems by The Boeing Company.
WICHITA, Kan. , Jan. 13, 2025 /PRNewswire/ -- Today, Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") announced the sale of Fiber Materials Inc ("FMI") business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex Tech Industries, Inc. ("Tex-Tech") for $165 million in cash.
Spirit Aerosystems (SPR) reported earnings 30 days ago. What's next for the stock?
The head of European planemaker Airbus said talks to finalise the takeover of part of troubled U.S. aerostructures supplier Spirit Aerosystems were going smoothly but that bringing it into Airbus would "not be a walk in the park".
WICHITA, Kan. , Nov. 18, 2024 /PRNewswire/ -- Today, Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") announces a purchase agreement to sell Fiber Materials, Inc ("FMI") business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex-Tech Industries, Inc. ("Tex-Tech") for $165,000,000 in cash, subject to customary adjustment.
WICHITA, Kan., Nov. 12, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) today announces a Second Amended and Restated Memorandum of Agreement with Airbus, in which Airbus has agreed to provide Spirit a non-interest-bearing line of credit in an amount of $107 million.
Airbus is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems on fresh funding and revised payment terms, a person familiar with the matter said.