|Bid||18.06 x 1200|
|Ask||18.23 x 1000|
|Day's range||17.72 - 18.80|
|52-week range||13.69 - 92.81|
|Beta (5Y monthly)||1.39|
|PE ratio (TTM)||N/A|
|Earnings date||03 Nov 2020|
|Forward dividend & yield||0.04 (0.22%)|
|Ex-dividend date||11 Dec 2020|
|1y target est||21.89|
Spirit AeroSystems (SPR) had earlier anticipated to incur incremental forward losses on the 787 program in the third quarter, which is likely to have negatively impacted its quarterly earnings.
All amounts in this press release are in U.S. dollars unless otherwise indicated. MONTREAL, Oct. 30, 2020 (GLOBE NEWSWIRE) -- The closing of the previously announced aerostructure business transaction between Bombardier Inc. (TSX: BBD.B) and Spirit AeroSystems Holding, Inc. (NYSE : SPR) came into effect today on October 30, 2020.Spirit now owns Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K.; Casablanca, Morocco; and its aerostructures maintenance, repair and overhaul (MRO) facility in Dallas, U.S. in exchange for cash consideration of $275 million, Spirit’s assumption of liabilities, including government refundable advances, pension obligations, as well as certain adjustments to the parties’ trading agreements favourable to Bombardier. The total transaction value is approximatively $1.2 billion.About Bombardier With over 52,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.Headquartered in Montréal, Canada, Bombardier has production and engineering sites in over 25 countries across the segments of Aviation and Transportation. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2019, Bombardier posted revenues of $15.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.Bombardier is a trademark of Bombardier Inc. and its subsidiaries.For Information Jessica McDonald Advisor, Media Relations and Public Affairs Bombardier Inc. +1 514 262 7255 email@example.com Patrick Ghoche Vice President, Corporate Strategy and Investor Relations Bombardier Inc. +514 861 5727
Spirit AeroSystems (NYSE: SPR) has reworked its deal to buy the aerostructures business of Bombardier (OTC: BDRAF) (OTC: BDRBF), finding a way to get the deal done despite significant COVID-19 headwinds. The agreement allows Spirit to salvage at least part of its grand plan to diversify away from former parent Boeing (NYSE: BA), which should be a long-term positive for the company. In October 2019, Spirit announced plans to buy the aerostructures business of Bombardier for $1.09 billion, including $500 million in cash and $590 million in assumed liabilities.