SPR Stock Recent News

U.S. supplier Spirit AeroSystems is investigating years of record-keeping of parts for multiple plane programs, after discovering cases of missing and duplicate paperwork, two industry sources told Reuters.

NEW YORK, NY / ACCESSWIRE / August 23, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating SpiritAeroSystems Holdings, Inc. (NYSE: SPR ), relating to its proposed merger with The Boeing Company.

Spirit AeroSystems CEO Patrick Shanahan will receive a payout of $28.5 million after the 737 MAX fuselage supplier completes its merger with Boeing , according to a regulatory filing on Monday.

Spirit AeroSystems' (SPR) second-quarter loss widens. However, revenues jump 9.3% year over year, driven by higher production activities of the company's commercial programs.

While the top- and bottom-line numbers for Spirit Aerosystems (SPR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Spirit Aerosystems (SPR) came out with a quarterly loss of $2.73 per share versus the Zacks Consensus Estimate of a loss of $0.98. This compares to loss of $1.46 per share a year ago.

Spirit AeroSystems on Monday reported a higher quarterly cash burn on lower 737 fuselage shipments to its biggest customer Boeing , which is producing its best-selling narrowbody jets at a lower rate.

WICHITA, Kan. , Aug. 5, 2024 /PRNewswire/ --   Second Quarter 2024 Revenues of $1.5 billion EPS of $(3.56); Adjusted EPS* of $(2.73) Cash used in operations of $566 million; Free cash flow* usage of $597 million Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported second quarter 2024 financial results.

Spirit Aerosystems (SPR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Textron is close to acquiring the fuselage-making program for its V-280 military aircraft from Spirit AeroSystems , according to a source familiar with the matter, in the latest carve-out from Boeing's recent deal to acquire the Kansas-based supplier.