Oct 23 (Reuters) - U.S. supplier Spirit AeroSystems ( SPR )
on Wednesday reported third-quarter revenue below
analysts' estimates and a loss of $4.07 per share, as a strike
by Boeing ( BA ) factory workers weighed on its results.
The company said that it would not provide forecast for the
current year. It posted third-quarter revenue of $1.47 billion,
below analysts' estimates of $1.70 billion, according to data
compiled by LSEG.
The company's backlog at the end of the third quarter stood
at $48 billion, it said.
Earlier this month, Spirit AeroSystems ( SPR ) said it would
implement a 21-day furlough for 700 workers as an
over-a-month-long strike at U.S. planemaker Boeing ( BA ) eats
into the supplier's cash and inventory space.
Spirit said on Wednesday that the furloughs would take
effect from Oct. 28 onwards and warned of possible layoffs and
additional furloughs due to the financial pressures from the
ongoing Boeing ( BA ) strike.
In July, Boeing ( BA ) agreed to repurchase Spirit AeroSystems ( SPR ) for
$4.7 billion in stock while Airbus moved to take on the
supplier's loss-making Europe-focused activities. Spirit
reiterated on Wednesday that it remained on track to close its
acquisition by Boeing ( BA ) by mid-2025.