Previous close | 158.96 |
Open | 158.12 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 157.84 - 159.36 |
52-week range | 120.28 - 172.78 |
Volume | |
Avg. volume | 881,020 |
Market cap | 125.725B |
Beta (5Y monthly) | 1.55 |
PE ratio (TTM) | 32.05 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.80 (1.13%) |
Ex-dividend date | 19 Apr 2024 |
1y target est | N/A |
Spirit AeroSystems Holdings Inc (NYSE:SPR), a primary supplier of jet fuselages, is reducing its workforce by 400 to 450 employees at its Wichita, Kansas factory. The layoffs are a response to a production deceleration at Boeing Co (NYSE:BA), Spirit’s largest client. “The recent slowdown in the delivery rate on commercial programs compels a reduction to our workforce in Wichita,” Spirit stated. Originally part of Boeing, Spirit AeroSystems has faced significant quality challenges with the 737 MA
The two companies dominate aircraft manufacturing and their recent production issues provide opportunities for others. Here are two stocks in the sector that can gain.
Lockheed (LMT) is set to procure diminishing manufacturing sources of parts required for the production and sustainment of F-35 jets.