Boeing supplier Spirit AeroSystems says there’s ‘substantial doubt’ about its ability to keep operating
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability to keep running as a “going concern,” as losses, debt, and difficulties at jet maker Boeing Co.
Spirit AeroSystems warns of ability to continue as going concern amid cash crunch
Boeing's (BA) key supplier and acquisition target, has raised substantial doubt about its ability to continue as a going concern amid mounting losses, rapid cash burn and production challenges.  Its debt balance as of September 26 was $4.
Spirit AeroSystems Issues Going-Concern Warning
The designer and manufacturer for commercial and defense aircraft said its liquidity has been affected in part by the strike at Boeing and limitations on that company’s ability to increase production.
Spirit AeroSystems Reports "Substantial Doubt" Over Continuing As A Going Concern
In Q3, despite its quarterly revenues climbing slightly to $1.47 million from $1.43 million, Spirit AeroSystems’ costs ballooned to $1.7 billion, resulting in an operating and net loss of $350.1 million and $476.6 million, respectively.
New Spirit AeroSystems filing raises further concern over company's health
"We retain a range of options and levers to address our financial and spacing constraints and are working with our customers on these matters," a Spirit spokesperson said.
Spirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing's sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
Spirit AeroSystems responds after Boeing strike ends
Wichita-based Spirit AeroSystems says it will soon end the furloughs of some of its employees and has no immediate plans to implement additional furloughs or layoffs after Boeing workers approved a contract offer on Monday.
Key Boeing supplier Spirit Aero raises doubts over ability to continue as going concern
Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company would be able to continue as a going concern.
Boeing Supplier Spirit AeroSystems Faces Liquidity Challenges, Raises Doubts About Ongoing Viability
Spirit AeroSystems Holdings Inc. (SPR), a major supplier to Boeing, reported significant operating losses in recent years and raised
Spirit AeroSystems reveals concerns about ability to operate
In a new filing with the government, Spirit AeroSystems says there is "substantial doubt about the Company's ability to continue as a going concern."
In wake of Spirit SEC filing, aerospace analyst 'would not be surprised' to see another Boeing cash advance
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
Spirit Aerosystems Faces Financial Turbulence Amid Merger Costs and Airbus Disposition
Spirit Aerosystems (SPR) has disclosed a new risk, in the Corporate Activity and Growth category. Spirit Aerosystems faces significant ...
Spirit AeroSystems Warns of Potential Insolvency Amid Cash Challenges
Spirit AeroSystems ( SPR, Financials ), a primary supplier to Boeing ( BA, Financials ), raised concerns about its ability to sustain operations due to escalating cash flow issues, production ...