Key Insights Spirit AeroSystems Holdings' estimated fair value is US$24.02 based on 2 Stage Free Cash Flow to Equity...
TD Cowen's latest note suggests that while Boeing (NYSE:BA) may face a challenging second quarter, a strong recovery is anticipated in the latter half of the year.
A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers because production has slowed down ever since a panel flew off one of those airplanes operated by Alaska Airlines in midair in January. A spokesman for Spirit AeroSystems confirmed the layoffs at its Wichita, Kansas, plant on Thursday that would trim its workforce of just over 13,000 people. Spirit is Boeing's most important supplier on the 737s because it makes fuselages and installs door plugs like the one that flew off the plane.