Spirit Aerosystems Holdings, Inc. (SPR) News
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SPR News Highlights
- For SPR, its 30 day story count is now at 16.
- Over the past 21 days, the trend for SPR's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- MAX, BA and STAR are the most mentioned tickers in articles about SPR.
Latest SPR News From Around the Web
Below are the latest news stories about Spirit AeroSystems Holdings Inc that investors may wish to consider to help them evaluate SPR as an investment opportunity.
Airbus has reportedly revoked an order for 50 A320 jets from Qatar Airways in response to a lawsuit recently filed by the carrier related to the larger A350. The airline recently sued Airbus in a British court seeking more than $600 million it says it is owed over issues ranging from erosion of lightning protection material to faulty paint that has sidelined 21 of its A350s. According to a report from the Wall Street Journal, the manufacturer now accuses Qatar as part of those proceedings of exaggerating the situation with the A350.
A look at the shareholders of Spirit AeroSystems Holdings, Inc. ( NYSE:SPR ) can tell us which group is most powerful...
In a report issued on January 18, Sheila Kahyaoglu from Jefferies maintained a Buy rating on Spirit AeroSystems (SPR – Research Report), with a price target of $60.00. The company's shares closed last Thursday at $47.83. According to TipRanks.com, Kahyaoglu is a 4-star analyst with an average return of 7.5% and a 61.4% success rate. Kahyaoglu covers the Technology sector, focusing on stocks such as Aerojet Rocketdyne Holdings, L3Harris Technologies, and Raytheon Technologies. Currently, the analyst consensus on Spirit AeroSystems is a Strong Buy with an average price target of $58.38, representing a 23.9% upside.
WICHITA, Kan., January 19, 2022--Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will release its fourth quarter and full-year 2021 financial results at 6:30 a.m. Central Time Wednesday, February 2, 2022.
One Wall Street firm says 2022 should see clearer skies for the manufacturer driving the bulk of commercial aerospace production in Wichita. According to a report from investment website Seeking Alpha, Bernstein analyst Douglas Harned has named the Boeing Co. (NYSE: BA) the firm’s top stock in aerospace and defense in 2022. The analyst cites a “series of catalysts” early in the year as making it time to buy Boeing.
Bloomberg reports the MAX is expected to be flying passengers in China again by the end of the month.
The most important aircraft program to the Wichita economy picked up delivery momentum as 2021 ended. According to delivery data released by the Boeing Co. this week, the manufacturer made 84 deliveries on its 737 program in the fourth quarter to mark its best three-month span on that metric since the first quarter of 2019. While deliveries were halted throughout the grounding, which stretched to late 2020, production continued until January 2020.
A securities suit filed in February 2020 alleged Spirit had withheld information from investors related to production cuts on the 737 MAX.
The Boeing Co. ended 2021 with a win on total annual orders — deals that will drive Wichita aerospace production — over rival Airbus for the first time in three years. In tallies published by both manufacturers this week, Boeing (NYSE: BA) ended the year with 535 net orders to Airbus’ 507 net orders for 2022. Boeing's numbers include around 50 jets previously removed from its backlog but put back on the books last year in accordance with accounting protocols.
The U.S. Air Force is giving itself more time to assess upgrades to the camera system used to guide the boom for refueling.