Spirit AeroSystems Holdings (SPR) Company Report

Spirit AeroSystems reported a Q3 2025 net loss of $724.3 million on revenues of $1.59 billion, with an adjusted loss per share of -$4.87, significantly exceeding analyst forecasts.
For the nine months ended October 2, 2025, the company recorded a net loss of $1.97 billion on $4.74 billion in net revenues, with basic and diluted loss per share increasing to $16.75.
These financial challenges are driven by higher operating costs, supply chain disruptions, and thin margins on Boeing contracts, prompting the company to withdraw its guidance and seek additional funding.
The planned acquisition by Boeing, which is pivotal for Spirit's future, faces antitrust concerns from the European Commission, potentially leading to delays and requiring remedies.
Spirit AeroSystems' price-to-sales ratio of 0.7x is considerably lower than the industry average of 3x, suggesting potential undervaluation but also reflecting perceived financial risks.

Nov 1, 2025, 5:30 AM

Spirit AeroSystems Reports Q3 2025 Results and Provides Update on Boeing Acquisition

SPR

Earnings

M&A

Profit Warning

Spirit AeroSystems reported revenues of $1.6 billion and a net loss per share of $(6.16) for the third quarter of 2025.
The company utilized $187 million in cash from operations and $230 million in free cash flow during Q3 2025, ending the quarter with a cash balance of $299 million.
Operating losses increased due to $585 million in net forward losses, primarily from the Boeing 737, Boeing 787, Airbus A220, and Airbus A350 programs, driven by supply chain and production cost growth.
Management expressed substantial doubt about the Company's ability to continue as a going concern, citing expected ongoing operating losses and the need for additional funding.
The European Commission approved the proposed acquisition by Boeing on October 13, 2025, conditional on the divestiture of Spirit's Airbus-related businesses and its Malaysia site, with the merger expected to close in Q4 2025.

Oct 31, 2025, 8:27 PM

Spirit AeroSystems Reports Q3 2025 Results Amidst Acquisition Progress

SPR

Earnings

M&A

Profit Warning

Spirit AeroSystems reported Q3 2025 revenues of $1.6 billion and a Net Loss Per Share of $(6.16), with adjusted EPS of $(4.87). This compares to revenues of $1.471 billion and Net Loss Per Share of $(4.07) in Q3 2024.
The operating loss increased significantly, driven by net forward losses of $585 million in Q3 2025, primarily from Boeing 737, Boeing 787, Airbus A220, and Airbus A350 programs.
The company's cash balance at the end of Q3 2025 was $299 million, and it reported $187 million cash used in operations for the quarter.
Spirit AeroSystems stated that substantial doubt about its ability to continue as a going concern exists due to expected continued operating losses and the need for additional funding.
The European Commission approved the proposed acquisition by The Boeing Company on October 13, 2025, conditional on the divestiture of Spirit's Airbus-related businesses, with the transaction expected to close in the fourth quarter of 2025.

Oct 31, 2025, 8:15 PM

Ascent AeroSystems' Spirit UAV Achieves Dual DIU Recognition

SPR

New Projects/Investments

Ascent AeroSystems' Spirit™ coaxial UAV platform has been added to the Defense Innovation Unit’s (DIU) Blue UAS Framework as a cleared component, making it the only airframe recognized on both DIU evaluated and approved lists.
This dual recognition, which includes its existing designation on the Blue UAS Cleared List as a complete system, allows federal agencies and DoD units to purchase Spirit directly under Blue UAS guidelines.
The Spirit's design emphasizes open-architecture scalability, aligning with the Department of Defense’s focus on modular, evolving systems.
Ascent AeroSystems was acquired in 2024 by Robinson Helicopter Company (RHC) and operates as a wholly owned RHC subsidiary.

Sep 2, 2025, 11:28 PM

Spirit AeroSystems Executes Amended and Restated Delayed-Draw Bridge Credit Agreement

SPR

Debt Issuance

Dividends

Spirit AeroSystems, Inc. executed an Amended and Restated Delayed-Draw Bridge Credit Agreement on June 25, 2025, which amends a prior agreement dated June 30, 2024.
The agreement designates Spirit AeroSystems, Inc. as the borrower and Morgan Stanley Senior Funding, Inc. as the Administrative Agent and Sole Lead Arranger.
The agreement includes covenants regarding Restricted Payments, allowing an aggregate amount not to exceed the greater of $70,000,000 and 1.0% of Consolidated Total Assets.
It also permits annual dividends on Equity Interests up to $75,000,000 and quarterly cash dividends of $0.01 per share of common stock outstanding.

Jul 1, 2025, 12:00 AM

Spirit AeroSystems Signs Divestiture Agreement with Airbus - Q3 2025

SPR

M&A

Spirit AeroSystems has entered into a definitive divestiture agreement with Airbus to transfer ownership of key aerostructure production assets as part of its upcoming acquisition by The Boeing Company .
The transaction includes the transfer of sites in Kinston (NC), St. Nazaire (France), Casablanca (Morocco), Prestwick (Scotland), Wichita (KS), and Belfast (Northern Ireland), with closing expected in Q3 2025 pending regulatory approvals .
Airbus will extend $200 million in non-interest-bearing credit lines to support Airbus programs .

Apr 28, 2025, 12:00 AM

Earnings Transcripts

Quarterly earnings call transcripts for Spirit AeroSystems Holdings.

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