Spirit AeroSystems (SPR) Misses Q4 EPS by 46c, Revenues Miss
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Spirit AeroSystems Reports Fourth Quarter and Full-Year 2020 Results
February 23, 2021 7:30 AM ESTWICHITA, Kan., Feb. 23, 2021 /PRNewswire/ --
Completed acquisition of select assets of Bombardier to diversify Spirit's businessRaised $2.1 billion of senior secured debt and terminated 2018 credit facility during the year; Paid off $1.2 billion in debt during the year; Ended year with cash balance of $1.9 billion Reduced commercial aviation employees by 8,000 and cut annualized costs of $1 billion to align to lower rates of productionSpirit AeroSystems Holdings, Inc. [NYSE: SPR] ("Spirit" or the "Company") reported fourth quarter and full-year 2020 financial results.
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