The Latest Breaking News from SPR

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported first-quarter revenue growth of 30% year-over-year to $1.18 billion, beating the consensus of $1.09 billion. This increase reflects higher production deliveries on the Boeing Co (NYSE:BA) 737, Airbus SE (OTC:EADSY) A220, and Airbus A320 programs and increased Aftermarket revenue, partially offset by lower production volume on the Boeing 787 program.…

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) received a contract award from Boeing Co. (NYSE:BA) to provide engine pylons and nacelles for the initial phase of the B-52 Commercial Engine Replacement Program (CERP). The total CERP effort is expected to replace 608 engines on the U.S. Air Force fleet of B-52H models. Spirit will support in extending…

Russia’s invasion of Ukraine has been motivating many nations to increase their defense budgets. This should drive the demand for aerospace and defense companies. Amid favorable policies and rising demand, the industry should yield good returns for investors. Indeed, Wall Street analysts expect the stocks of quality aerospace and defense…