Spirit AeroSystems

Rank#3278

Market Cap4.64B

CountryUnited States

Summary

Spirit AeroSystems Holdings, Inc. designs, engineers, manufactures, and markets commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, struts/pylons, nacelles, and related engine structural components; and wings and wing components, including flight control surfaces, as well as other structural parts. This segment primarily serves the aircraft original equipment manufacturers (OEMs) or engine OEMs of large commercial aircraft and/or business/regional jet programs. The Defense & Space segment provides fuselage, strut, nacelle, and wing aerostructures primarily for U.S. Government defense programs, including Boeing P-8, C40, and KC-46 Tanker. This segment also engages in the fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training on fixed wing aircraft aerostructures, missiles, and hypersonics works, such as solid rocket motor throats, nozzles, re-entry vehicle thermal protections systems, forward cockpit and cabin, and fuselage work on rotorcraft aerostructures. The Aftermarket segment offers spare parts and MRO services, repairs for flight control surfaces and nacelles, radome repairs, rotable assets, engineering services, advanced composite repairs, and other repair and overhaul services. Spirit AeroSystems Holdings, Inc. has a strategic partnership with Sierra Space to enhance access to commercial space economy of the future. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas.

History

Spirit was formed when Boeing Commercial Airplanes sold its Wichita division to investment firm Onex. Boeing Defense, Space & Security retained its military business in Wichita, which lay on neighboring land, until Boeing sold most of those properties to Air Capital Flight Line. The Wichita division was responsible for construction of many important aircraft in Boeing's history, including the B-29 Superfortress, B-47 Stratojet, and B-52 Stratofortress. Spirit can trace its legacy back even further to Stearman Aircraft, which was founded on the same site; Stearman later became part of Boeing. Spirit also includes North American Aviation's former Tulsa and McAlester facilities , as well as additional facilities in Kinston, NC, Prestwick, Scotland, Saint-Nazaire, France, and Subang, Malaysia.

In June 2016, it was announced that Tom Gentile was named CEO, replacing Larry Lawson.

Mission

We apply emerging technologies to the design, assembly and integration of components and structures for the world’s premier aerospace programs.

Vision

Spirit AeroSystems is committed to being the world's leading aerostructure supplier by delivering unmatched value to our customers and employees.

References

https://en.wikipedia.org/wiki/Spirit_AeroSystems

https://in.investing.com/equities/spirit-aerosystems-holdings-inc

https://finance.yahoo.com/quote/SPR/profile?p=SPR

https://www.comparably.com/companies/spirit-aerosystems/mission

https://www.crunchbase.com/organization/spirit-aerosystems

https://sec.report/CIK/0001364885