International Business News - SPR http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Airline and industry data suggest that shares of commercial aerospace companies are unlikely to recover soon, an FBR Capital Markets analyst said Friday. http://www.ibtimes.com/articles/20081121/ahead-of-the-bell-aerospace-cos-downgraded.htm Fri, 21 Nov 2008 09:26:59 EST Among the earnings stories for Wednesday, Oct. 29, from AP Financial News: LAS VEGAS (AP)--Officials for MGM Mirage Inc. said Wednesday they planned to cut costs companywide and halt planning for two projects as the casino company reported third-quarter profits 67 percent lower than the same quarter last year. http://www.ibtimes.com/articles/20081029/earnings-roundup-mgm-mirage-hess.htm Wed, 29 Oct 2008 18:51:13 EDT Spirit AeroSystems Holdings Inc. said Wednesday its third-quarter earnings fell 12 percent as a strike at Boeing Co., its largest customer, cut demand for its aircraft components. http://www.ibtimes.com/articles/20081029/spirit-aerosystems-profit-hurt-by-boeing-strike.htm Wed, 29 Oct 2008 14:28:09 EDT Spirit AeroSystems Inc., which designs and manufactures fuselages, propulsion systems and wing systems for commercial and military aircraft, said Tuesday it has signed a deal to supply structural parts and components for Continental Airlines Inc.'s fleet of Boeing aircraft. http://www.ibtimes.com/articles/20081021/spirit-inks-parts-supply-pact-with-continental.htm Tue, 21 Oct 2008 08:09:09 EDT Analysts cut their estimates on two aerospace companies Tuesday, saying the 17-day strike at Boeing Co. will be longer than expected. Patrick J. McCarthy, an analyst at Friedman Billings Ramsey said in an investor's note that the strike by the International Association of Machinists will last two months. He lowered earnings-per-share estimates for Spirit AeroSystems Holdings for the last two quarters of 2008 and the full year. http://www.ibtimes.com/articles/20080923/ahead-of-the-bell-spirit-barnes-estimates-cut.htm Tue, 23 Sep 2008 11:09:35 EDT Southwest Airlines Co. and commercial aircraft components company Spirit AeroSystems Inc. said Friday they have signed a deal for Spirit to provide parts for Southwest's fleet of Boeing 737 airplanes. http://www.ibtimes.com/articles/20080912/spirit-aerosystems-southwest-sign-parts-deal.htm Fri, 12 Sep 2008 12:32:19 EDT Suppliers to Boeing Co. could take hits of varying strength from the strike against the airplane manufacturer, an analyst said Monday. Sales to Boeing as a percentage of a suppliers' total vary from 85 percent for Spirit AeroSystems Holdings Inc. to less than 5 percent for BE Aerospace, Moog Inc. and United Technologies Corp., said analyst Cai von Rumohr of Cowan and Co. http://www.ibtimes.com/articles/20080908/sector-wrap-analyst-sees-boeing-strike-impact.htm Mon, 08 Sep 2008 18:12:37 EDT The Department of Energy says Marathon Oil will receive 250,000 barrels of oil from the Strategic Petroleum Reserve to compensate for refinery disruptions from Hurricane Gustav. http://www.ibtimes.com/articles/20080908/doe-grants-marathon-250-000-barrels-of-oil.htm Mon, 08 Sep 2008 10:56:03 EDT Spirit AeroSystems Inc. said Monday it will cut production on some Boeing products in response to the machinists strike at the airplane manufacturer. Spirit, which designs and manufactures fuselages, propulsion systems and wing systems for commercial and military aircraft, also withdrew its 2008 financial guidance issued July 31. It said it will update its financial forecast for the year and provide an outlook for 2009 after the Boeing strike has ended. http://www.ibtimes.com/articles/20080908/spirit-aerosystems-pares-production-on-boeing-work.htm Mon, 08 Sep 2008 10:36:40 EDT The Department of Energy received a second request, this time from Marathon Oil, for a withdrawal from the Strategic Petroleum Reserve because of disruptions caused by Hurricane Gustav. http://www.ibtimes.com/articles/20080904/citgo-pulls-spr-request-marathon-makes-its-own.htm Thu, 04 Sep 2008 12:45:32 EDT Citgo will be allowed to pull 250,000 barrels of oil from the Strategic Petroleum Reserve because of its inability to secure crude in the aftermath of Hurricane Gustav. http://www.ibtimes.com/articles/20080903/doe-grants-citgo-250-000-barrels-of-oil-from-spr.htm Wed, 03 Sep 2008 08:24:29 EDT Labor Secretary Jim Garner said Friday that the Kansas economy is starting to show the effects of rising energy prices and trouble in the credit markets. http://www.ibtimes.com/articles/20080829/kansas-labor-secretary-says-state-feeling-slowdown.htm Fri, 29 Aug 2008 17:40:49 EDT Shares of aerospace and defense companies mostly traded lower as the markets wavered in Thursday morning trading. Oil prices increased in early trading, while investors grappled with financial sector concerns and news of Dow Chemical's $15.29 billion buyout of Rohm & Haas. http://www.ibtimes.com/articles/20080710/opening-glance-aerospace-and-defense-stocks-dip.htm Thu, 10 Jul 2008 10:50:44 EDT Aerospace and defense stocks mostly fell with the broader market Wednesday, as rising oil prices made investors skittish before finishing the day lower. http://www.ibtimes.com/articles/20080709/closing-glance-aerospace-and-defense-stocks-slide.htm Wed, 09 Jul 2008 16:19:28 EDT Shares of aerospace and defense companies fell Wednesday morning, as reports that Iran had test-fired missiles lifted the price of oil. Oil prices rose $1.44 to $137.48 per barrel on the New York Mercantile Exchange, after decreasing more than $9 over the last two sessions. http://www.ibtimes.com/articles/20080709/opening-glance-aerospace-defense-stocks-fall.htm Wed, 09 Jul 2008 10:48:45 EDT Aerospace and defense companies rose in Tuesday afternoon trading as oil prices took another sharp downturn. The price of light, sweet crude fell $5.36 to $136.01 per barrel on the New York Mercantile Exchange, compounding a declined of almost $4 on Monday. http://www.ibtimes.com/articles/20080708/closing-glance-aerospace-and-defense-stocks-rise.htm Tue, 08 Jul 2008 16:19:27 EDT Aerospace and defense stocks moved up Tuesday morning as oil prices moved lower for the second consecutive day. Here are morning results for a few key stocks in the sector: http://www.ibtimes.com/articles/20080708/opening-glance-aerospace-and-defense-shares-rise.htm Tue, 08 Jul 2008 10:52:03 EDT Aerospace and defense companies finished mixed Monday as August oil prices decreased. The price of a barrel of light, sweet crude was down $3.92, or 2.7 percent, to $141.37 on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080707/closing-glance-aerospace-stocks-end-mixed.htm Mon, 07 Jul 2008 16:34:33 EDT Shares of aerospace and defense companies rose Monday morning, as lower oil prices and strength in the dollar gave stocks a lift. Oil prices fell as much as $5 per barrel, and the dollar mostly gained strength against other currencies. http://www.ibtimes.com/articles/20080707/opening-glance-aerospace-and-defense-shares-rise.htm Mon, 07 Jul 2008 10:43:03 EDT The European subsidiary of aerospace supplier Spirit AeroSystems Inc. said it signed a contract with Airbus to design and produce a wing structure for the A350 extra wide-body plane. http://www.ibtimes.com/articles/20080707/spirit-aerosystems-signs-contract-for-airbus-wing.htm Mon, 07 Jul 2008 07:21:57 EDT