Spirit AeroSystems Holdings Inc (NYSE:SPR) shares are trading higher after it reported fourth-quarter FY23 revenue growth of 37% Y/Y to $1.81 billion, beating the consensus of $1.74 billion.
The revenue increase represents higher production deliveries on most Commercial programs and higher Defense and Space and Aftermarket revenue. It also included previously disclosed impacts from the Boeing Company (NYSE:BA) Memorandum of Agreement executed in October 2023, including favorable pricing adjustments on the 787 program and reversing the potential claim related to the 737 vertical fin attach fittings.
Overall …
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