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Spirit Aero posts 3rd-quarter revenue below estimates
Spirit AeroSystems Gets Hit By Boeing Strike. What Is Means for GE, RTX and Other Suppliers.
The ongoing strike by Boeing workers is not only affecting the plane maker, but its suppliers as well after workers rejected the latest deal Wednesday.Spirit AeroSystems stock fell 1.6% to $32.13 early Thursday.
Spirit Aero posts third-quarter revenue below estimates as Boeing strike weighs on results
U.S. supplier Spirit AeroSystems on Wednesday reported third-quarter revenue below analysts' estimates and a loss of $4.07 per share, as a strike by Boeing factory workers weighed on its results. The company said that it would not provide forecast for the current year.
Boeing CEO remains committed to Spirit AeroSystems purchase amid strike, financial issues
"Just to be clear, there's no change in our commitment to the Spirit acquisition and the integration," Boeing CEO Kelly Ortberg said.
Production troubles push Spirit AeroSystems to $447m loss in third quarter
Aircraft structures producer Spirit AeroSystems lost $477 million in the third quarter of 2024 due largely to significant charges taken by the company against several of its financially-troubled aircraft programmes.
Spirit AeroSystems posts deep losses in Q3 as Boeing strike hit finances
Boeing suppliers that invested heavily on materials and tooling to support the planemaker's planned ramp-up of jets have been furloughing workers in recent weeks and holding off on investments due
Spirit could have layoffs after Boeing strike continues
A Spirit spokesperson told KSN that regardless of the outcome, 700 Spirit workers in Wichita are still being furloughed on Monday. Tonight’s offer would have given 33,000 Boeing machinists a 35% wage increase over four years and end the 41-day strike.
Hundreds of Spirit AeroSystems employees furloughed amid Boeing strike
Around 700 Spirit AeroSystems employees are being furloughed as a result of the ongoing strike by Boeing machinists that began last month, the company announced Friday.
Boeing Strike Pushes Supplier Spirit to Plan Worker Furloughs
Spirit AeroSystems Holdings Inc. will start furloughing workers later this month in response to the continuing strike at Boeing Co., the aerostructure supplier’s biggest customer.
Spirit Aero losses deepen, burns cash as Boeing strike bites
(Reuters) -Spirit AeroSystems posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserves, as a strike by Boeing U.S. factory workers hammered the finances of its biggest supplier.
Spirit Aero’s quarterly losses widen amid Boeing strike, shares down
Shares in Spirit AeroSystems (NYSE:SPR) fell around 1% in premarket trading Thursday after the aerostructure supplier reported a deeper-than-expected quarterly loss. The company posted a Q3 loss of $3.
1h
Where Boeing's defense and space business stands — and why it matters to Wichita
Boeing CEO Kelly Ortberg said on Wednesday's earnings call that the company's defense and space segment needs more ...
3h
on MSN
Boeing workers reject contract, prolonging crippling strike
Boeing factory workers rejected a new labor contract that would have increased their wages by 35% over four years, ...
5h
on MSN
Boeing workers vote to reject contract deal, extending strike
Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to ...
KFDI
5h
Boeing workers reject contract offer, Spirit prepares for furloughs
Share on Facebook Share on Twitter Machinists union members at Boeing voted Wednesday to reject a new labor deal, and the ...
1d
Boeing Machinists appear split on offer to end strike as they cast ballots
The union members will vote until 5 p.m. today on the contract offer, after Boeing earlier announced another staggering ...
1d
Boeing reports $6 billion quarterly loss as industry, Wichita await results from high-stakes machinists vote
The earnings report dropped as Boeing machinists represented by the International Association of Machinists and Aerospace ...
News Letter on MSN
1d
Spirit and Airbus 'continue to negotiate in good faith' and 'evaluate options' over Belfast operations
The response comes after Unite says Belfast aircraft workers are ‘in limbo’ after no assurances three months after Boeing’s ...
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