Spirit Aerosystems Holdings, In
38.08-1.66 (-4.18%)
Oct 29, 4:00:02 PM EDT · NYSE · SPR · USD
Key Stats
Market Cap
4.47BP/E (TTM)
-Basic EPS (TTM)
-20.02Dividend Yield
0%Recent Filings
8-K
Spirit sells Malaysia unit for $95.2M
Spirit AeroSystems agreed to sell its Malaysian subsidiary to Composites Technology Research Malaysia for $95.2 million in cash on August 8, 2025, as part of its Boeing merger conditions. The deal transfers a 400,000-square-foot facility employing over 1,000, ensuring CTRM supplies Airbus A220/A320/A350 and Boeing 737/787 programs. Closing awaits regulatory nods by Q4 2025. Risks loom if approvals falter.
8-K
Spirit's Q2 revenue rises, losses widen
Spirit AeroSystems posted Q2 2025 revenue of $1.6 billion, up 10% year-over-year, fueled by ramped Boeing 737 deliveries, yet operating loss ballooned to $481 million from $133 million in business disposition charges tied to Airbus asset transfers and $239 million in net forward losses on key programs. Cash burn eased to $144 million used in operations, leaving $370 million on hand amid ongoing liquidity strains. The pending Boeing merger eyes Q4 2025 close, but regulatory hurdles loom large. Substantial doubt persists on going-concern viability.
10-Q
Q2 FY2025 results
Spirit AeroSystems posted Q2 revenue of $1.6B, up 9.6% y/y from $1.5B, fueled by Boeing deliveries jumping to 152 shipsets from 58, though Airbus slipped to 214 from 225. Yet operating loss widened to $481M from $331M, hit by a $132.5M valuation allowance on Airbus assets held for sale and $219.4M forward losses on A350, A220, and B787 programs (derived from filing). Cash burned $563M in H1 operations, down from $981M last year, thanks to better B737 flows, but debt sits at $4.3B with $370M cash. The Airbus divestiture closed in April 2025 for $165M cash, recognizing $81.2M gain. Regulatory hurdles loom on the Boeing merger.
8-K
Airbus boosts Spirit support
Spirit AeroSystems signed a third amended memorandum of agreement with Airbus on July 11, 2025, securing an additional $94 million in financial support for a total of $152 million to stabilize production on key Airbus programs like A350 and A220 amid financial pressures. This aid, including lines of credit up to $127 million, ensures timely deliveries until the pending divestment closes, with assets assumed by Airbus. Funds must target Airbus-related activities exclusively. Production holds steady.
8-K
Spirit AeroSystems has extended the maturity of its $350 million Delayed-Draw Bridge Credit Agreement from June 30, 2025, to September 30, 2025, with quarterly interest payments. The facility's interest rate is tied to the yield on existing term loans. The amendment reflects adjustments due to the delayed Boeing 737 MAX acquisition, maintaining financial flexibility for the company.
Spirit AeroSystems Holdings, Inc. has amended and restated its Delayed-Draw Bridge Credit Agreement, extending the maturity of its $350 million term loan facility from June 30, 2025, to September 30, 2025. The amendment aligns the interest rate with the yield on the existing term loans and adjusts payment terms to quarterly. This change supports the company's ongoing operations amid the delayed acquisition of Boeing's 737 MAX program, originally expected to close by mid-2024 but now postponed.
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