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About 70% of Spirit AeroSystems' revenue last year came from work done for Boeing, according to Spirit's latest annual report. That is up from 60% two years earlier. That is up from 60% two years ...
“The price of $37.25 per share represents a 30% premium to Spirit’s closing stock price of $28.60 on February 29, 2024, the day before Spirit and Boeing issued press releases confirming they ...
The company’s Q2 financial report, released Monday, covers the period immediately before news of Boeing finalizing a deal to buy back Spirit broke on July 1. Spirit’s stock closed down 2.24% ...
Airbus’ business with Spirit accounted for $1.1 billion, 19% of its revenue in 2023, according to company filings, while $3.9 billion, or 64% came from business with Boeing. But Spirit was ...
(Reuters) -Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier's loss-making Europe-focused activities, sending shares in all three ...
(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 ...
The merger largely replaced Boeing’s corporate culture, which had a reputation for fair dealing with its workers and listening to its engineers, with the Boeing of today, buying back Spirit in a ...
Boeing is in talks to buy back Spirit Aerosystems, which makes fuselages for Boeing’s 737 Max jets, according to a person familiar with the matter, as both companies scramble to stamp out ...