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Stock Market & Financial Investment News

News Breaks
April 14, 2014
16:49 EDTBA, SPRSpirit AeroSystems, Boeing amend supply agreement
Spirit AeroSystems (SPR) disclosed in a regulatory filing that on April the company entered an agreement with Boeing (BA) amending Spirit’s long-term supply agreement with Boeing covering products for Boeing’s B737, B747, B767 and B777 commercial aircraft programs. The amended agreement establishes pricing terms for recurring products for the period commencing on April 1 and ending on December 31, 2015. Prices will continue to be adjusted each year based on a quantity-based price adjustment formula described in the agreement, whereby average per-unit prices are higher at lower volumes. Prices continue to be subject to other adjustments provided for under the agreement. The new pricing terms will not be applied to the period prior to April 1. Spirit does not expect the amended agreement to have a material impact on previously announced EPS guidance.
News For SPR;BA From The Last 14 Days
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November 21, 2014
07:29 EDTSPRSpirit AeroSystems price target raised to $50 from $44 at BofA/Merrill
BofA/Merrill raised Buy rated Spirit AeroSystems' price target to $50 to reflect increased EPS estimates driven by improving segment operating margins.
November 20, 2014
19:31 EDTBABoeing has no plans for long-range 737 MAX, Reuters reports
Boeing has no plans to extend the range of its upcoming 737 MAX 9 jetliner after Airbus Group's announcement that it will offer a long-range version of its competing A321 aircraft, according to Reuters, citing a senior Boeing executive. Reference Link
15:35 EDTBADelta Air Lines confirms order for 25 Airbus A350-900, 25 A330neo aircraft
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13:50 EDTBABoeing confirms Kuwait Airways intent to purchase 10 777-300ERs
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07:44 EDTBADelta near deal for 50 Airbus wide-body jets, Bloomberg reports
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November 19, 2014
17:13 EDTBABoeing awarded $194.78M government contract modification
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November 17, 2014
05:12 EDTBABoeing signs agreement with Toray Industries for 777X wing composites
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November 13, 2014
13:07 EDTSPRSpirit AeroSystems management to meet with Sterne Agee
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12:52 EDTBABoeing reports 90 new orders since last update
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07:12 EDTBAOracle to hold a meeting
2014 OAGi Plenary Meeting is being held in Redwood City, California on November 13-14.
November 12, 2014
07:28 EDTSPRSpirit AeroSystems price target raised to $50 from $44 at UBS
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07:10 EDTBAFly Leasing to sell 8 Boeing 757 aircraft
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November 10, 2014
10:04 EDTSPROn The Fly: Analyst Upgrade Summary
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07:38 EDTSPRSpirit AeroSystems upgraded at RBC Capital
As noted earlier, RBC Capital upgraded Spirit Aerosystems to Outperform from Sector Perform. As reasons for the upgrade, the firm cited valuation and its belief that improvements on several airplanes will cause estimates for Spirit to rise. Target to $50 from $43.
07:12 EDTBACA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:30 EDTSPRSpirit AeroSystems upgraded to Outperform from Sector Perform at RBC Capital
05:29 EDTBABoeing, SMBC Aviation announce order for 80 737 MAXs
Boeing and SMBC Aviation Capital announced an order for 80 737 MAX 8s, valued at more than $8.5B at list prices. This is the largest single order for 737 MAXs from a leasing company and will help SMBC Aviation Capital grow its portfolio of high-demand, fuel-efficient airplanes. Boeing's Current Market Outlook forecasts that airlines will need more than 25,600 single-aisle airplanes like the 737 MAX over the next 20 years.

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