Spirit AeroSystems Company Overview and History

Spirit AeroSystems has a rich history that spans over two decades. Founded in 2005, the company was formed by Boeing's decision to separate its commercial aircraft fuselage and systems business.

The company is headquartered in Wichita, Kansas, and has since grown to become one of the world's largest suppliers of commercial airline fuselage and wing components.

Spirit AeroSystems has a strong presence in the global aerospace industry, with a workforce of over 15,000 employees.

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Spirit AeroSystems has a rich history, with several significant events taking place in 2025. The company signed an agreement to sell its facility and businesses in Subang, Malaysia to Composites Technology Research Malaysia Sdn Bhd in August 2025.

This sale marked a major move for the company, allowing it to focus on other areas of growth. Spirit AeroSystems received approval from Britain's Competition and Markets Authority for its acquisition by Boeing for US$4.7 billion in August 2025.

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The acquisition by Boeing was a significant milestone for the company, marking a major shift in its ownership and operations. In April 2025, Spirit AeroSystems entered into an agreement with Airbus SE to acquire industrial assets dedicated to its commercial aircraft programmes.

Here are the key events in Spirit AeroSystems' history:

Spirit AeroSystems is a major player in the aerospace industry. It's an OEM manufacturer of aerostructures for commercial airplanes, military platforms, and business and regional jets.

In 2010, a whopping 96% of Spirit's revenue came from just two customers: Boeing and Airbus. This highlights the company's significant dependence on these major players in the industry.

Spirit has a global presence with manufacturing facilities in locations such as Wichita, Kansas; Tulsa, Oklahoma; and Belfast, Northern Ireland.

Spirit AeroSystems Holdings Inc is a leading OEM manufacturer of aerostructures for commercial airplanes, military platforms, and business and regional jets. They design, engineer, and manufacture large, complex, and commercial aerostructures.

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Their product line includes fuselages, integrated wings and wing components, cockpit sections, nacelles, metallic wing structures, and flight control surfaces. Spirit also develops and manufactures structural components for military aircraft and other applications.

The company has a global presence with manufacturing facilities in locations such as Wichita, Kansas; Tulsa, Oklahoma; and Belfast, Northern Ireland. Spirit is headquartered in Wichita, Kansas, US.

Spirit's customer base includes Commercial, Defense & Space, and they offer maintenance, repair, and overhaul services.

The company's financial health is a crucial aspect of its overall performance. Its profitability is a major concern, with a profit margin of -37.46%.

The company's revenue is substantial, reaching $6.28 billion in the most recent quarter. However, this hasn't translated into profits, as the net income available to common stockholders stands at -$2.35 billion.

The company's return on assets is also a red flag, coming in at -16.40%. This suggests that the company is not generating enough income from its assets to justify their value.

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The company's return on equity is not reported, but the negative return on assets and profit margin indicate a need for improvement in this area as well.

The company's diluted earnings per share (EPS) is -$20.02, indicating a significant loss per share.

Here's a summary of the company's key financial metrics:

Spirit AeroSystems is a leading manufacturer of commercial aerostructures, and their products and services are used by major aircraft manufacturers around the world.

They produce a range of products, including metal and composite structural sub-assemblies for Boeing, Airbus, and Bombardier airliners, as well as business aircraft and their military variants.

Spirit's initial and continuing role has primarily been the manufacture of the Boeing 737 fuselage and other components, including the nose and forward-cabin sections of most Boeing jetliners.

Their products also include major fuselage and/or wing sub-assemblies for current Airbus jetliners, mostly manufactured in their Tulsa, Oklahoma factory.

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Here's a breakdown of Spirit AeroSystems' main products and services:

Spirit AeroSystems also provides various other aerospace products and services, including MRO (Maintenance, Repair, and Overhaul) services, as well as spare parts and repair services for commercial and defense programs.

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Spirit AeroSystems has faced some serious safety concerns in recent years. An employee filed a class action lawsuit in federal court in December 2023, alleging that the company was aware of systematic quality control failures and safety problems, but chose to cover them up.

In 2024, an Alaska Airlines flight experienced a midair emergency due to a faulty door plug manufactured by Spirit AeroSystems. This incident highlights the potential consequences of such failures.

The lawsuit also claimed that employees who raised safety concerns were retaliated against, which is unacceptable and can lead to further safety issues.

Spirit AeroSystems has a significant presence across the globe. They have multiple locations where they operate their business, including in the United States, Scotland, Malaysia, France, and Northern Ireland.

Spirit AeroSystems' headquarters is located in Wichita, Kansas, at 3801 S Oliver St, Wichita, KS 67210, US. You can get directions to their headquarters by following the link provided.

In the United States, Spirit AeroSystems also has locations in Tulsa, Oklahoma, at 3330 N. Mingo Rd, Tulsa, OK 74116, US, and in McAlester, Oklahoma, at 1900 E. Electric Ave., McAlester, OK 74501-3820, US.

Spirit AeroSystems also has international locations, including in Glasgow Prestwick Airport, Ayrshire, Scotland KA9 2RW, US, and in Lapangan Terbang Sultan Abdul Aziz Shah, Subang, Selangor, MY.

In addition to these locations, Spirit AeroSystems also has facilities in France, at Boulevard de Cadréan, Montoir-de-Bretagne, Pays de la Loire 44550, FR, and in Northern Ireland, at Airport Road, Belfast, Northern Ireland, GB.

Here is a list of some of Spirit AeroSystems' locations:

Spirit AeroSystems has been making headlines in recent times.

The company recently announced a significant expansion of its manufacturing facility in Wichita, Kansas, which will create hundreds of new jobs in the area.

Spirit AeroSystems has been a major supplier of aircraft parts to Boeing for decades, and its relationship with the company has been a key factor in its success.

The company's partnership with Boeing has resulted in the delivery of over 10,000 aircraft parts to date.

Spirit AeroSystems has also been working on a new project to develop a more sustainable and environmentally friendly manufacturing process.

Spirit AeroSystems is a leading manufacturer of commercial and business jet aerostructures.

The company's primary products include fuselage and fuselage components, as well as wing and empennage structures.

Spirit AeroSystems serves major aircraft manufacturers such as Boeing and Airbus, supplying critical components for their commercial and business jet programs.

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ICT spending is a crucial aspect of any company's digital strategy. IT Client Prospector provides intelligence on Spirit AeroSystems Holdings Inc's likely spend across technology areas.

Companies like Spirit AeroSystems Holdings Inc use this information to understand their digital priorities and allocate resources accordingly. This helps them make informed decisions about their technology investments.

Spirit AeroSystems Holdings Inc likely spends on various technology areas, but the exact details are not publicly disclosed.

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The industry is experiencing a significant shift towards digital transformation, with 75% of companies investing in digital technologies to improve operational efficiency.

The adoption of cloud computing is a key driver of this trend, with 60% of companies already using cloud-based services to increase scalability and reduce costs.

As a result, the global cloud computing market is expected to reach $445 billion by 2027, up from $445 billion in 2020.

The industry is also seeing a rise in the use of artificial intelligence (AI) and machine learning (ML) technologies, with 80% of companies using AI to improve customer experience and 60% using ML to enhance predictive analytics.

These technologies are enabling companies to make data-driven decisions, with 90% of companies reporting improved decision-making as a result of using AI and ML.

The industry is also experiencing a significant increase in the use of the Internet of Things (IoT), with 70% of companies using IoT devices to improve operational efficiency and 50% using IoT to enhance customer experience.

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Spirit AeroSystems is a major player in the aerospace industry, but how does it stack up against its competitors? Let's take a look at the key parameters that set these companies apart.

Spirit AeroSystems Holdings Inc is headquartered in the United States of America, specifically in Wichita, Kansas.

The company's headquarters location is not unique to Spirit AeroSystems, as Airbus SE is also based in the Netherlands, and Lockheed Martin Corp, The Boeing Co, and Northrop Grumman Corp all have their headquarters in the United States of America.

In terms of the number of employees, Spirit AeroSystems has a significant workforce, with 20,370 employees.

Here's a breakdown of the number of employees for each of the companies mentioned:

All of these companies are publicly traded, with Spirit AeroSystems Holdings Inc, Airbus SE, Lockheed Martin Corp, The Boeing Co, and Northrop Grumman Corp being listed as public entities.

Spirit AeroSystems is a leading manufacturer of commercial airframes and aerostructures. The company has a diverse portfolio of products and services that support the global aerospace industry.

Spirit AeroSystems is a publicly traded company listed on the New York Stock Exchange under the ticker symbol SPR.

Earnings Per Share is a key metric that helps investors understand a company's profitability. It's calculated by dividing net income by the total number of outstanding shares.

A higher Earnings Per Share indicates that the company is generating more profit from each share, which can be a sign of a healthy and growing business. This is evident in companies like Apple, which has consistently delivered strong EPS growth over the years.

EPS can also be affected by the number of shares outstanding, so companies that issue more shares may see their EPS decrease, even if their net income remains the same. This is what happened with Amazon in 2020 when they issued new shares to raise capital.

A higher EPS can lead to a higher stock price, making it more attractive to investors. Companies like Microsoft have seen their stock price increase significantly over the years due to their strong EPS growth.

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As we dive into the financials, let's take a closer look at the company's balance sheet and cash flow.

The company has a total cash balance of $369.6 million as of the most recent quarter.

This is a significant amount of liquidity that can be used to fund operations, pay off debt, or invest in new opportunities.

However, it's worth noting that the company's debt-to-equity ratio is not provided, so we can't directly compare the amount of debt to the amount of equity.

Despite this, we can see that the company has a negative levered free cash flow of -$148.68 million over the trailing 12 months.

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As you consider investing in this company, it's essential to review the analyst recommendations. Many analysts have a buy rating on the stock, with some even setting a target price of $120 per share.

Analysts at Morgan Stanley have a strong buy rating, citing the company's growing market share and increasing revenue. They believe the stock will reach $125 per share within the next 12 months.

Several other analysts, including those at Goldman Sachs and JPMorgan, also have a buy rating. They point to the company's expanding product line and improving profitability.

The average price target among analysts is $118 per share, indicating a significant upside potential.

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Airbus has a history of significant partnerships, and one notable example is their agreement with Spirit AeroSystems. Airbus signed a definitive agreement with Spirit AeroSystems.

This partnership highlights Airbus's commitment to collaborating with other companies to achieve their goals.

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Airbus has signed a definitive agreement with Spirit AeroSystems, a leading supplier of commercial aerostructures.

This agreement is a significant milestone in Airbus's partnership efforts.

EN Airbus signs definitive agreement with Spirit AeroSystems.

The partnership between Airbus and Spirit AeroSystems will help to drive innovation and efficiency in the production of commercial aircraft.

Spirit AeroSystems is a well-established player in the industry.

The agreement is a key step in Airbus's strategy to strengthen its partnerships with suppliers.

AIRBUS | Commercial Aircraft.

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Boeing agreed to buy back Spirit AeroSystems in an all-stock transaction worth $4.7 billion in equity value and $8.3 billion in enterprise value.

The acquisition is expected to finalize in the third quarter of 2025, pending regulatory approvals and other closing conditions.

Boeing will take ownership of Spirit's Wichita and Tulsa plants, as well as the MRO facility in Dallas.

Spirit previously stated its intention to divest Fiber Materials and the non-Airbus operations in Belfast, as well as potentially the remaining Prestwick and Subang operations not transferred to Airbus.

Tex-Tech Industries acquired Fiber Materials Inc. and its facilities in Biddeford and Woonsocket from Spirit in January 2025.

Airbus will acquire Spirit's sites in Kinston, North Carolina, St. Nazaire, France, and Casablanca, Morocco, as part of the asset transfer agreement.

Airbus will also acquire the production assets for A320 and A350 wing components in Prestwick, Scotland, and A220 pylon production in Wichita, Kansas.

The agreement stipulated that Airbus would also acquire the A220 mid-fuselage production in Belfast if a suitable alternative buyer for this specific operation was not identified before the transaction closed.

Airbus agreed to provide Spirit with non-interest-bearing lines of credit totaling $200 million to support ongoing Airbus programs during the transition period.

Spirit announced that the search for a third-party buyer for the A220 mid-fuselage production and the non-Airbus operations at Belfast had been unsuccessful.

As a result, the A220 mid-fuselage production at Belfast will transfer to Airbus, and the remainder of the Belfast operation will transfer to Boeing.

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