Spirit AeroSystems cuts pay, furloughs workers after Boeing suspends deliveries until further notice [MarketWatch]
Spirit Aerosystems Holdings, Inc. (SPR)
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am
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Source: MarketWatch
Spirit Aerosystems Holdings Inc. is taking a series of measures to cut costs after Boeing Co. suspended all deliveries to its Washington state and South Carolina facilities until further notice. Measures include cutting 2,800 workers at its Wichita, Kansas operations and cutting 400 workers in Oklahoma. The company has launched a voluntary early retirement program for 850 hourly and salaried workers. It has deferred $120 million in capital expenditures and negotiated an amendment to credit facilities that will offer covenant relief into 2021. The company has secured a $375 million short-term delayed draw term loan facility. It has cut its dividend to a penny a share and will continue to suspend share buybacks. Pay for all U.S. executives has been cut by 20% until further notice and the company has furloughed all production workers and managers in Wichita, Kansas and Oklahoma that support Boeing programs. The company had a cash balance of about $1.83 billion as of April 2 and a debt ba
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SPR
News
- FTC greenlights Boeing's $4.7B Spirit AeroSystems deal with conditions [Yahoo! Finance]Yahoo! Finance
- FTC orders Boeing to divest some Spirit assets for $8.3bn merger [Yahoo! Finance]Yahoo! Finance
- US FTC says Boeing must divest Spirit AeroSystems assets to proceed with merger [Yahoo! Finance Canada]Yahoo! Finance Canada
- US FTC says Boeing must divest Spirit AeroSystems assets to proceed with merger [Yahoo! Finance]Yahoo! Finance
- Spirit AeroSystems Reports Third Quarter 2025 Results [Yahoo! Finance]Yahoo! Finance
SPR
Earnings
- 10/31/25 - Miss
SPR
Sec Filings
- 12/1/25 - Form 4
- 11/18/25 - Form 8-K
- 11/14/25 - Form SCHEDULE
- SPR's page on the SEC website