Spirit AeroSystems Holdings Inc. reported its financial results for the first quarter of 2025, indicating a decrease in sales to $1.5 billion, compared to the same period in 2024. This decline was primarily attributed to reduced production activity on most Boeing programs, particularly the Boeing 737, although there was an increase in production activity on Airbus programs. The company posted an operating loss for the quarter, which showed an improvement from the previous year, mainly due to fewer changes in estimates and an $80 million gain from the sale of Fiber Materials, Inc., partially offset by a $116 million warranty reserve. The aftermarket segment saw a slight increase in sales compared to the prior year, though the operating margin experienced a slight decrease due to sales mix. Spirit's backlog at the end of the first quarter of 2025 was approximately $48 billion, covering work packages on all commercial platforms in the Airbus and Boeing backlog. The company will not provide financial guidance due to a Merger Agreement.
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