Spirit Aero losses deepen, burns cash

Spirit AeroSystems weighs hundreds more furloughs or layoffs if Boeing strike goes beyond Nov. 25
Spirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists' strike stretches beyond Nov. 25, a company spokesman told CNBC on Thursday. More than 32,000 Boeing machinists walked off the job on Sept.
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 losses deepen, burns cash as Boeing strike bites
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 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.
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.
Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Spirit AeroSystems told employees on Friday that it will furlough 700 workers for 21 days as an over one-month-long strike at U.S. planemaker Boeing eats into the supplier's cash and inventory space.
Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
Spirit AeroSystems had been scrambling to cut costs after more than 32,000 Boeing machinists walked off the job Sept. 13.
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.
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.
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 ...
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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 ...
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 ...
Boeing Workers Resoundingly Reject New Contract and Extend Strike
The vote, hours after Boeing reported a $6.1 billion loss, will extend a nearly six-week-long strike at factories where the ...
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Striking Workers Reject Boeing’s New Contract Offer
Last year Machinists won this demand at Spirit Aerosystems, a former Boeing unit the company sold in 2005. But in return, the ...
Boeing-Spirit and beyond: A look back at 2024 Wichita mergers and acquisitions activity
Wichita-based Pearson Construction continued to expand in the first half of 2024 with the acquisition of Concrete Materials ...
Industrials Down as Boeing Posts Loss -- Industrials Roundup
Shares of industrial and transportation companies fell after Boeing posted a $6 billion loss, reflecting engineering mishaps and a machinist strike. Shares of the aerospace giant slid after new Chief ...