Spirit Aerosystems Holdings, Inc. Common Stock (SPR)
34.73
+0.36 (1.05%)
Spirit Aerosystems Holdings is a leading manufacturer of aerostructures for commercial, defense, and business jet aircraft
The company specializes in designing and producing a wide range of products, including fuselage sections, wing components, and other complex assemblies, leveraging advanced engineering techniques and technologies. With a commitment to innovation and quality, Spirit Aerosystems collaborates closely with major aerospace manufacturers to support the global aviation industry's evolving needs, providing critical components that enhance the performance and efficiency of aircraft. Their expertise and robust capabilities position them as a key player in the aerospace supply chain.
Fiber Materials manufactures high-temperature materials and reinforced composites focusing on carbon and related composites. Its products are installed on critical defense platforms and NASA programs such as Stardust, Mars Curiosity, Orion, and Mars 2020.
Amidst widespread speculation, the return of President Trump as commander-in-chief could threaten earnings growth in the defense industry in 2025. That said, the main reason for caution lies in the fundamentals themselves.
The U.S. Justice Department's Antitrust Division and the Department of Transportation announced on Thursday they have opened a broad public inquiry into the state of competition in air travel on topics including previous airline mergers, aircraft manufacturing, airline ticket sales, pricing and rewards practices.
Spirit AeroSystems has announced employee furloughs amid the ongoing Boeing strike, with a 21-day furlough for about 700 workers set to begin October 28, while also facing the possibility of layoffs if the strike continues beyond November.
SPR stock results show that Spirit AeroSystems Hldgs missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
Boeing and Spirit AeroSystems executives will testify at a hearing over a mid-air blowout of an Alaska Airlines 737 MAX 9 door plug. FAA officials will also testify on safety and quality management. Goldman Sachs analyst reiterated the Buy rating and lowered the price target to $232 from $242.
Amid Boeing Co.'s ongoing CEO search, Stephanie Pope, the internal favorite for the position, has taken the spotlight at the Farnborough International Airshow.
