Spirit AeroSystems said there is "substantial doubt about the company's ability to continue as a going concern" though Boeing and Airbus are planning to acquire portions of the parts maker.

Europe’s Airbus has finalized an agreement to take some assets from Spirit AeroSystems, both companies said Monday, completing a critical part of a transatlantic carve-up of the struggling supplier with US rival Boeing.

Spirit AeroSystems reported a drop in revenue for Q1 2025 mainly due to reduced production on most Boeing programs, especially the Boeing 737.