Boeing Supplier Spirit AeroSystems Issues Going Concern Warning

Spirit AeroSystems Holdings Inc. said there’s “substantial doubt” about its ability to continue as a going concern as the supplier burns through cash prior to its planned acquisition by Boeing Co.

A slowdown in deliveries to Boeing have impacted the company’s liquidity and cash flow, Spirit said Tuesday in a securities filing. The supplier cited several factors, including the planemaker’s refusal to accept 737 Max fuselage sections from Spirit that need additional work in Boeing’s facilities and the strike by 33,000 Boeing factory workers.

Spirit expects to burn through as much as $500 million in free cash from the ...