Related: Spirit Airlines stock is still tanking after the blocked merger. Each time its executives have answered investor questions over the last year, Spirit has named a number o
The CEO of the beleaguered fuselage supplier Spirit AeroSystems, who successfully engineered the plan for Boeing to buy the company 20 years after selling it, could soon be Boeing’s top boss.
Shares of Spirit Airlines Inc. SAVE dropped 0.82% to $3.62 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.88% to 18,
In the roughly 24-month period leading up to their all-time high in December 2014, shares of Spirit Airlines ( SAVE -3.28%) skyrocketed 400%. But it's been a turbulent journey since then, with the stock plunging 96% from that peak price.
Canadian aircraft make Bombardier said it remained actively engaged with Spirit Aerosystems as part of its normal business under existing contracts with the troubled fuselage maker that Boeing has agreed to buy in a $4.
At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards,
It pleased a Jefferies analyst who reiterated a buy rating on the stock and a $270 price target, which implies a 45% upside to the current price over the next 12 months or so. As previously noted, shoring up delivery rates by ensuring suppliers like Spirit (fuselages) can meet Boeing's intended production ramp is one of the three key things Boeing needs to do to put the stock back in recovery mode.
Just four months after Boeing announced its intention to reacquire most of this critical supplier, Shanahan secured agreement through personal negotiations with the senior leadership of the two greatest rivals in the aviation world.
Boeing has announced that it will be buying back Spirit AeroSystems, one of the company's struggling suppliers. This move has led investors to speculate on who will be the next CEO of the planemaker.
As part of the deal, Airbus, the multinational aerospace company that is a top competitor to Boeing (NYSE: BA), will acquire the Spirit AeroSystems (NYSE: SPR) operation in Kinston at the North Carolina Global TransPark.
Boeing's acquisition of Spirit AeroSystems aims to bolster quality and oversight in the Boeing 737 MAX chain. Read more on how the deal also may help increase production rates.
Sen. Jerry Moran said he spoke with Lockheed Martin's CEO on Monday about work Spirit currently performs for the defense and aerospace giant in Wichita.
Boeing agreed to buy Spirit AeroSystems, the Wichita, Kansas-based supplier that makes fuselages for the 737 Max jet, in a deal intended to improve quality after a midair door plug blowout.
"We believe this deal is in the best interest of the flying public, our airline customers, the employees of Spirit and Boeing, our shareholders and the country more broadly," said Boeing President and CEO Dave Calhoun.
Under an all-stock transaction worth $4.7 billion, Boeing will bring back in house a key supplier that it had spun off nearly two decades ago. Spirit, which also builds major airplane parts for Airbus,