Spirit Aero CEO Says I Recognize We Have Disappointed Our Stakeholders, We Want To Restore Confidence In The Company; Expects To Reverse $350M-$370M In Losses On 787 Program Due To Agreement With Boeing
Portfolio Pulse from Benzinga Newsdesk
Spirit Aero's CEO has acknowledged the company's disappointing performance and expressed a desire to restore stakeholder confidence. The company expects to reverse $350M-$370M in losses on the 787 program due to an agreement with Boeing.
November 01, 2023 | 3:09 pm
News sentiment analysis
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NEUTRAL IMPACT
Boeing's agreement with Spirit Aero could help the latter reverse significant losses on the 787 program.
While the agreement with Spirit Aero could be seen as a positive for Boeing, the direct impact on Boeing's stock price is uncertain as the news is more focused on Spirit Aero.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Spirit Aero expects to reverse significant losses on the 787 program due to an agreement with Boeing, which could restore stakeholder confidence.
The CEO's acknowledgment of past disappointments and the expected reversal of significant losses due to the Boeing agreement could positively impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100