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Spirit AeroSystems weighs hundreds more furloughs or layoffs
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 and 2 More Supplier Stocks That Could Feel the Impact of Boeing Strike
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.
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.
Workers at Spirit AeroSystems react to ongoing Boeing strike ahead of 21-day furloughs
Sixty-four percent of workers voted to reject the new contract, according to the International Association of Machinists and Aerospace Workers (IAM), the union representing 33,000 Boeing workers continuing to strike in Washington.
Spirit AeroSystems to Furlough 700 Employees Due to Boeing Strike
The plane manufacturer said the employees affected by the furloughs were working on Boeing’s 767 and 777 programs.
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
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 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.
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 machinists reject latest contract
As Machinists strike extends, Boeing is running out of runway
Boeing's leaders have few options as the the Machinists' strike extends. A settlement is needed to stave off further financial distress and damage to suppliers.
Boeing machinists reject latest contract; strike continues
Boeing’s machinists on Wednesday voted to reject a contract offer that would have ended their strike, which has now dragged on for more than a month. Roughly 33,000 members of the International Association of Machinists and Aerospace Workers Districts 751 and W24,
Boeing Stock Drops as Machinists Reject Latest Deal, Continuing Strike
Boeing shares are falling in premarket trading after its machinists union rejected a new contract offer, continuing a crippling strike at the plane maker that started six weeks ago.
6h
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Union's Rejection of Boeing Offer Threatens Jobs at Aerospace Suppliers
FILE PHOTO: Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a ...
7h
Boeing's strike stress, American Airline earnings, and Delta's rockstar CEO: Airline news roundup
Boeing’s machinist strike continues, among other embarrassments. The founder of JetBlue Airways gives the carrier’s erstwhile ...
2d
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 ...
Flightglobal
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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 ...
8h
Boeing: From Bad To Worse
We recommend a sell on Boeing stock due to cultural and financial challenges, including cash flow concerns and shareholder ...
1d
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’s New C.E.O. Calls for ‘Culture Change’ as Strike Vote Looms
As Kelly Ortberg presented his strategic vision, more than 33,000 striking employees of the aerospace manufacturer were ...
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