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Spirit AeroSystems Holdings Inc (SPR.N)

SPR.N on New York Stock Exchange

73.18USD
14 Dec 2018
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$-0.49 (-0.67%)
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Latest Key Developments (Source: Significant Developments)

Spirit Aerosystems Expects To Achieve Higher Margins In 2019
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Spirit AeroSystems Holdings Inc ::SPIRIT AEROSYSTEMS SAYS SEEN SIGNIFICANT IMPROVEMENT IN SUPPLIER SHORTAGES- CONF CALL.SPIRIT AEROSYSTEMS SAYS SHIPPING 737 FUSELAGES ON MASTER SCHEDULE EVERY DAY, REQUIRING NO EXPEDITED FREIGHT COST - CONF CALL.SPIRIT AEROSYSTEMS SAYS PRODUCTION WILL SHIFT SIGNIFICANTLY TO 737 MAX NEXT YEAR- CONF CALL.SPIRIT AEROSYSTEMS EXPECTS REDUCED OVERTIME AND CONTRACT LABOR COST IN Q4 AND 2019 - CONF CALL.SPIRIT AEROSYSTEMS SAYS CONTINUE TO WORK ON CLOSING THE ASCO ACQUISITION - CONF CALL.SPIRIT AEROSYSTEMS SAYS ISSUES IDENTIFIED BY EUROPEAN COMMISSION DURING PHASE 1 REVIEW DO NOT INVOLVE ANY DIVESTITURES NOR IMPACT THE ECONOMICS OF THE DEAL- CONF CALL.SPIRIT AEROSYSTEMS SAYS REMAIN CONFIDENT THAT CO WILL CLOSE THE DEAL - CONF CALL.SPIRIT AEROSYSTEMS SAYS EXPECTS MARGIN IMPROVEMENT IN THE FUSELAGE BUSINESS IN Q4 - CONF CALL.SPIRIT AEROSYSTEMS EXPECTS CONTINUED IMPROVEMENT IN MARGIN HEADING INTO 2019 - CONF CALL.SPIRIT AEROSYSTEMS SAYS EXPECTS 2019 MARGINS TO BE IN LINE WITH WHERE THEY WERE BACK IN 2016 - CONF CALL.SPIRIT AEROSYSTEMS EXPECTS TO ACHIEVE MARGINS OF 16.5 PERCENT IN THE FIRST HALF OF 2019 - CONF CALL.SPIRIT AEROSYSTEMS SAYS DOING A LOT MORE ASSESSMENT OF SUPPLIERS TO ASSESS THEIR OVERALL READINESS - CONF CALL.SPIRIT AEROSYSTEMS SAYS LOOKING AT DUAL SOURCING OF PARTS TO REDUCE CONCENTRATION RISK DUE TO ANY SUPPLIER CONSTRAINTS - CONF CALL.  Full Article

Spirit Aerosystems Holdings - Increasing 2018 Revenue Outlook From $7.1 - $7.2 Billion To A New Range Of $7.2 - $7.3 Billion
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Spirit AeroSystems Holdings Inc ::SPIRIT AEROSYSTEMS HOLDINGS - INCREASING 2018 REVENUE OUTLOOK FROM $7.1 - $7.2 BILLION TO A NEW RANGE OF $7.2 - $7.3 BILLION.SPIRIT AEROSYSTEMS - ADJUSTING 2018 FINANCIAL OUTLOOK TO REFLECT RECENT DEVELOPMENTS.SPIRIT AEROSYSTEMS HOLDINGS SAYS "HAS BEEN MAKING PROGRESS" ON TRANSITIONING TO HIGHER RATES OF PRODUCTION.SPIRIT AEROSYSTEMS - DECREASING 2018 ADJUSTED EPS OUTLOOK FROM $6.25 - $6.50 PER SHARE TO A NEW RANGE OF $6.10 - $6.35 PER SHARE.SPIRIT AEROSYSTEMS HOLDINGS - BELIEVES SPIRIT IS ON TRACK TO MEET 2018 DELIVERY TARGETS ON ALL PROGRAMS AFTER POSTING RECORD DELIVERIES IN Q2 OF 2018.SPIRIT AEROSYSTEMS HOLDINGS - MAINTAINING LOWER END OF RANGE ON ITS 2018 ADJUSTED FREE CASH FLOW OUTLOOK AT $550 MILLION.SPIRIT AEROSYSTEMS HOLDINGS - ON TRACK TO MEET 2018 DELIVERY TARGETS ON ALL PROGRAMS.LOWERING UPPER END OF RANGE OF 2018 ADJUSTED FREE CASH FLOW OUTLOOK TO $575 MILLION.FY2018 EARNINGS PER SHARE VIEW $6.31, REVENUE VIEW $7.23 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Spirit Aero CEO Says Still Have Challenges With Small Number Of Suppliers
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Spirit AeroSystems Holdings Inc ::SPIRIT AERO CEO TOM GENTILE SAYS MADE GOOD PROGRESS, BUT STILL HAVE CHALLENGES WITH SMALL NUMBER OF SUPPLIERS, EXPECT ONGOING IMPROVEMENTS GOING AHEAD - CONF CALL.SPIRIT AERO CEO TOM GENTILE SAYS INTENSELY FOCUSED ON CASH FOR H2 2018, CONCENTRATING EFFORTS ON COST REDUCTION, WORKING CAPITAL AND CAPEX INITIATIVES.SPIRIT AERO CEO TOM GENTILE SAYS INCREASING SUPPLIER DUE DILIGENCE AND EXTENDING TRAINING TIME FOR NEW EMPLOYEES.SPIRIT AERO SAYS FOCUS NOW WILL BE ON SUSTAINING SCHEDULE AND THE EFFICIENT EXECUTION OF THE HIGHER RATE.SPIRIT AERO SAYS EXTREMELY CONFIDENT THAT WE'RE GOING TO MAKE ALL THE DELIVERIES BUT, HAVE TO IMPROVE CONSISTENCY AND EFFICIENCY OF THOSE DELIVERIES.SPIRIT AERO SAYS COMFORTABLE BOTH FOR AIRBUS AND BOEING PROGRAMS, HAVE SUFFICIENT CAPACITY TO GO UP TO WHATEVER RATES THEY MIGHT BE CONSIDERING.SPIRIT AERO SAYS HAVE TO DO IT (737 DELIVERIES) MORE EFFICIENTLY, BY GETTING THE OVERTIME DOWN, WITH REDUCED CONTRACTORS, AND WITH NO EXPEDITED FREIGHT.SPIRIT AERO SAYS MARGINS ARE GOING TO IMPROVE IN THE BACK HALF OF THIS YEAR, AND WE'RE GOING TO HIT THE GROUND NEXT YEAR, WITH MUCH IMPROVED MARGINS.  Full Article

Spirit Aerosystems And Norsk Titanium Announce Start Of Production Qualification For Commercial Aircraft Parts
Monday, 16 Jul 2018 

July 16 (Reuters) - Spirit AeroSystems Holdings Inc ::SPIRIT AEROSYSTEMS AND NORSK TITANIUM ANNOUNCE START OF PRODUCTION QUALIFICATION FOR COMMERCIAL AIRCRAFT PARTS.SPIRIT AEROSYSTEMS- AGREEMENT TO INITIATE QUALIFICATION OF SPIRIT'S FIRST ADDITIVE-MANUFACTURED, TITANIUM, STRUCTURAL COMPONENT FOR BOEING 787.  Full Article

Spirit Aerosystems Says Entered Senior Unsecured Second Amended, Restated Credit Agreement
Friday, 13 Jul 2018 

July 13 (Reuters) - Spirit AeroSystems Holdings Inc ::SPIRIT AEROSYSTEMS HOLDINGS SAYS ON JULY 12, ENTERED $1.26 BILLION SENIOR UNSECURED SECOND AMENDED AND RESTATED CREDIT AGREEMENT - SEC FILING.SPIRIT AEROSYSTEMS HOLDINGS - CREDIT AGREEMENT CONSISTS OF $800 MILLION REVOLVING CREDIT FACILITY, $206 MILLION TERM LOAN A FACILITY.SPIRIT AEROSYSTEMS HOLDINGS - CREDIT AGREEMENT ALSO CONSISTS OF $250 MILLION DELAYED DRAW TERM LOAN FACILITY.SPIRIT AEROSYSTEMS HOLDINGS - CREDIT AGREEMENT REFINANCES, REPLACES AMENDED AND RESTATED CREDIT AGREEMENT DATED JUNE 6, 2016.SPIRIT AEROSYSTEMS HOLDINGS - EACH OF THE REVOLVER, TERM LOAN AND DELAYED DRAW TERM LOAN MATURE JULY 12, 2023.  Full Article

Spirit CEO Comments On 737 Recovery, Accelerated Share Repurchase Plan And Financing Activity At Conference In NYC
Friday, 1 Jun 2018 

June 1 (Reuters) - Spirit AeroSystems Holdings Inc ::SPIRIT CEO COMMENTS ON 737 RECOVERY, ACCELERATED SHARE REPURCHASE PLAN AND FINANCING ACTIVITY AT CONFERENCE IN NYC.SPIRIT AEROSYSTEMS HOLDINGS INC - SEEING POSITIVE IMPACTS FROM 737 RECOVERY EFFORTS & EXPECT TO BE FULLY RECOVERED TO SCHEDULE BY MID-YEAR.  Full Article

Spirit AeroSystems Sees Improvement In Q2 Deliveries
Wednesday, 2 May 2018 

May 2 (Reuters) - Spirit AeroSystems Holdings Inc ::SPIRIT AEROSYSTEMS - OUR GOAL IS TO HAVE NO DELAYED DELIVERIES FOR SECOND HALF OF YEAR AND THEREFORE, NO EXPEDITED FREIGHT CHARGES - CEO ON CONF CALL.SPIRIT AEROSYSTEMS - SEES $15 MILLION OF COST SYNERGIES FROM DEAL TO BUY ASCO INDUSTRIES.SPIRIT AEROSYSTEMS - ON BOEING 737 PARTS SUPPLY, WE GOT BEHIND AS MANY AS 13-15 UNITS, WE'VE CUT THAT DOWN TO ABOUT 5 AND WE'LL BE CAUGHT UP BY JUNE.SPIRIT AEROSYSTEMS - SHOULD SEE A VERY HEALTHY IMPROVEMENT IN Q2 OF THE TOTAL NUMBER OF DELIVERIES THAT WE MADE, PARTICULARLY ON 737 PROGRAM.  Full Article

Darsana Capital Partners Reports 5.23 Pct Passive Stake In Spirit Aerosystems Holdings
Monday, 16 Apr 2018 

April 16 (Reuters) - Spirit AeroSystems Holdings Inc ::DARSANA CAPITAL PARTNERS LP REPORTS 5.23 PERCENT PASSIVE STAKE IN SPIRIT AEROSYSTEMS HOLDINGS INC AS OF APRIL 4, 2018 - SEC FILING.  Full Article

Senior Says Malaysian Unit Secures Multi-Year Spirit Aerosystems Contract
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Senior Plc ::MULTI-YEAR SPIRIT AEROSYSTEMS CONTRACT.UNIT ‍SENIOR AEROSPACE UPECA (MALAYSIA) SECURES FIVE-YEAR CONTRACT WITH SPIRIT AEROSYSTEMS​.  Full Article

Spirit Aerosystems Plans Expansion, Job Growth In Wichita
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Spirit Aerosystems Holdings Inc SPR.N::SPIRIT AEROSYSTEMS PLANS MAJOR EXPANSION, JOB GROWTH IN WICHITA, KAN..SAYS ‍PLANS FOR EXPANSION, INCLUDING ADDITION OF 1,000 JOBS, CAPITAL INVESTMENTS TOTALING $1 BILLION OVER NEXT 5 YRS AT WICHITA FACILITY​.  Full Article

EU mergers and takeovers (Nov 8)

BRUSSELS, Nov 8 The following are mergers under review by the European Commission and a brief guide to the EU merger process: