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Stock impact report

Spirit AeroSystems Announces Cuts as Boeing Production Grinds to a Halt [The Motley Fool]

Spirit Aerosystems Holdings, Inc. (SPR) 
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.spiritaero.com
Company Research Source: The Motley Fool
Spirit AeroSystems(NYSE:SPRBoeingNYSE:BAThe company, a onetime Boeing subsidiary that still relies on the plane maker for a significant portion of its revenue, had already suspended production of the 77 MAX fuselage. The latest move comes days after Boeing also shut down production of its larger 787 Dreamliner.Spirit said that its factories will continue to produce components for defense contracts, including business with Boeing, and itsAirbusOTC:EADSYCommercial aerospace is taking it on the chinCommercial aerospace has been hit hard by the pandemic, withairlineBoeing execs have insisted the companycan survive without a bailoutImage source: Spirit AeroSystems.Spirit has slashed U.S. executive pay by 0% until further notice and said that the furlough of about ,00 Boeing-related production employees in Kansas and Oklahoma will extend for calendar days. It has also deferred about $0 million in capital expenditures and has offered voluntary retirement plans to 80 hourly and salaried work Show less Read more
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