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Spirit's primary competitors in the aerostructures market include Collins Aerospace, Kawasaki Heavy Industries, Leonardo, and Triumph Group. Spirit AeroSystems was established in 2005 when Boeing spun-off its Wichita division to an investment firm. Boeing entered into an agreement to re-acquire Spirit in July 2024 for $4.7 billion.
(Reuters) -Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn ...
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Spirit’s Boeing 737 MAX deliveries cratered from 74 shipsets between April and June of 2023 to 27 this year. Spirit AeroSystems continues burning through money, delivers fewer planes in Q2 Skip ...
Boeing has set a target of $3 billion to $5 billion in free cash flow this year and $10 billion per year by 2026. At the end of June, before the latest 737 Max setback, Spirit was $3.7 billion in ...