Spirit Aerosystems Is Aiming To Hold Cash Burn At $200M-$250M Range After Receiving $150M In Cash Advances From Customers, CEO Says
Portfolio Pulse from Benzinga Newsdesk
Spirit Aerosystems' CEO announced at the Jefferies Industrial Conference that the company is aiming to maintain its cash burn at a range of $200M-$250M, following the receipt of $150M in cash advances from customers.
September 07, 2023 | 6:21 pm
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Spirit Aerosystems is working to control its cash burn to $200M-$250M after receiving $150M in cash advances from customers.
The news directly pertains to Spirit Aerosystems (SPR) and its financial management. The company's ability to control its cash burn could stabilize its financial situation, potentially impacting investor sentiment and the stock's performance. However, the short-term impact on the stock price is uncertain as it depends on various factors including overall market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100