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Spirit AeroSystems, Boeing
Boeing supplier Spirit AeroSystems says there’s ‘substantial doubt’ about its ability to keep operating
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability to keep running as a “going concern,” as losses, debt, and difficulties at jet maker Boeing Co.
Key Boeing supplier Spirit Aero raises doubts over ability to continue as going concern
Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company would be able to continue as a going concern.
Spirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing's sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
Spirit AeroSystems Issues Going-Concern Warning
The designer and manufacturer for commercial and defense aircraft said its liquidity has been affected in part by the strike at Boeing and limitations on that company’s ability to increase production.
New Spirit AeroSystems filing raises further concern over company's health
"We retain a range of options and levers to address our financial and spacing constraints and are working with our customers on these matters," a Spirit spokesperson said.
A key Boeing supplier has 'substantial doubt' it can stay in business
A major Boeing (BA) supplier is worried it won’t be able to continue as a business for much longer. Fuselage builder Spirit AeroSystems (SPR) worries it won’t have enough cash to continue operations.
Boeing Supplier Spirit AeroSystems Faces Liquidity Challenges, Raises Doubts About Ongoing Viability
Spirit AeroSystems Holdings Inc. (SPR), a major supplier to Boeing, reported significant operating losses in recent years and raised
Spirit Aero raises doubts over ability to continue as going concern
U.S. supplier Spirit AeroSystems said on Tuesday in a quarterly filing that substantial doubt exists about the company's ability to continue as a going concern.
3h
on MSN
Boeing's strike is over. Now, the hard work starts to turn things around.
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...
Yahoo Finance
1d
Spirit AeroSystems responds after Boeing strike ends
WICHITA, Kan. (KSNW) — Wichita-based
Spirit
AeroSystems
says it will soon end the furloughs of some of its employees and ...
14d
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 ...
Morningstar
9d
As Boeing's Takeover of Spirit AeroSystems Approaches, Going It Alone Becomes Less and Less Viable
Spirit
AeroSystems
was the largest independent aerostructure manufacturer, originally spun out of
Boeing
in 2005. The firm produces fuselages, wing structures, and structures that house and ...
2d
on MSN
Boeing Union Votes to End Strike
Boeing’s machinists ratified a new labor deal, ending a paralyzing strike after nearly eight weeks and clearing the way for ...
3d
Boeing machinists agree to new contract, ending weeks-long strike
Related
Boeing
Machinists reject deal to end nearly six-week strike
Boeing
to lay off 17,000 workers, delay 777X rollout ...
5d
Spirit AeroSystems, SPEEA announce tentative, four-year agreement with at least 19% pay bump
Spirit AeroSystems and Society of Professional Engineering Employees in Aerospace negotiators have come to terms on a ...
5d
Spirit AeroSystems union engineers to vote on new contract
The SPEEA said that on Oct. 7, the sides were far apart in negotiations, and they agreed to pause for three weeks.
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