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Spirit AeroSystems, Boeing
Spirit Aero losses deepen, burns cash as Boeing strike bites
(Corrects story from Oct. 23, paragraph 3 and bullet point, to clarify that Spirit did receive $425 million cash from Boeing and that the amount was increased and partly repaid) (Reuters) -Spirit AeroSystems posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserves,
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 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.
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
Turbulence for Boeing: Striking Workers Shake Up Aerospace Giant
Boeing faces significant challenges as striking workers reject its latest contract offer, casting doubt on financial recovery and image restoration. The striking machinists demand a defined-benefit pension plan amid threats of credit downgrades and operational hurdles.
Boeing strike pushes supplier Spirit AeroSystems to plan worker furloughs
Spirit AeroSystems says it plans to soon start a 21-day furlough for hundreds of workers supporting Boeing’s 777 and 767 jetliner programs.
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.
Spirit AeroSystems Gets Hit By Boeing Strike. What Is Means for GE, RTX and Other Suppliers.
Spirit AeroSystems, stock fell 1.1% to $32.29 in the premarket Thursday. GE Aerospace and RTX Corp. are also important suppliers for Boeing. RTX stock has gained 5.7% in the last
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
on MSN
Boeing CEO’s Effort to Rebuild Planemaker Suffers Strike Setback
Boeing Co. Chief Executive Officer Kelly Ortberg’s quest to stabilize the struggling US planemaker suffered a stinging ...
6h
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 ...
KFDI
11h
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 ...
The HR Digest
44m
Strike Continues as 64% Boeing Workers Vote Against Contract Offer
Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday.
ksn.com
18h
Boeing machinist reject contract offer, Spirit AeroSystems could have layoffs soon
Within the last hour, 64 percent of machinists, for Boeing, in Washington state, voted to reject the latest contract offer. We also learned, from a Spirit spokesperson, regardless of the outcome, 700 ...
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
2d
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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