Showing posts with label Spirit AeroSystems. Show all posts
Showing posts with label Spirit AeroSystems. Show all posts

Friday, July 18, 2008

Business: Spirit AeroSystems to release q2 financial results on July 31

Wichita, Kan., (ANTARA News/PRNewswire-AsiaNet) - Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will release its second quarter 2008 financial results at 6:30 a.m. Central Time, on Thursday, July 31.

President and Chief Executive Officer Jeff Turner and Chief Financial Officer Rick Schmidt will participate in a conference call presentation to securities analysts about second quarter 2008 results and company outlook at 10:00 am Central Time.

That presentation will be broadcast via the Internet. It will include charts and a question-and-answer session. The company's news release detailing the results will also be available. The live audio stream and slide presentation can be accessed on Thursday, July 31 at http://www.spiritaero.com investor.aspx.

Individuals are urged to check the website ahead of time to ensure their computers are configured for the audio stream and slide presentation.

On the web: http://www.spiritaero.com

SOURCE Spirit AeroSystems Holdings, Inc.
CONTACT: Philip Anderson, Investor Relations, +1-316-523-1797,
or
Deborah Gann, Corporate Communications, +1-316-519-7340,
both of Spirit AeroSystems Holdings, Inc.
Web site: http://www.spiritaero.com

Wednesday, June 04, 2008

Business: Spirit Executive presentations during investor conference

Wichita, Kansas (ANTARA News/PRNewswire-AsiaNet) - The Spirit AeroSystems Holdings, Inc. (NYSE: SPR) annual Investor Conference, June 4, 2008, 8 a.m. to noon Central Daylight Time, will be broadcast via the Internet as previously announced in a press release dated May 28.

The Investor Conference will include a slideshow presentation, which will be available and may be accessed before the commencement of the live webcast at http://www.spiritaero.com/investor.aspx The slideshow and webcast will be archived on the site for at least 14 days.

SOURCE: Spirit AeroSystems Holdings, Inc.
CONTACT: Philip Anderson, Investor Relations of Spirit AeroSystems Holdings, Inc., +1-316-523-1797
Web site: http://www.spiritaero.com

Thursday, May 15, 2008

Technology: Spirit AeroSystems secures Airbus A350 XWB contract

Wichita, Kan., (ANTARA News/PRNewswire-AsiaNet) - Spirit AeroSystems, Inc. (NYSE: SPR) today announced it has signed a contract with Airbus to design and produce a major composite fuselage structure for the A350 XWB (Xtra Wide-Body) program.

Spirit will design and manufacture the Section 15 center fuselage frame section, a composite structure that will be approximately 65 feet long, 20 feet wide and weigh nearly 9,000 pounds.

"Partnering with Airbus on the A350 XWB is a significant step in our company's history," said Jeff Turner, Spirit President and CEO. "It highlights our focus on creating long-term value for Spirit shareholders by growing our company with new customers."

"Spirit is pleased to be selected as a partner on this exciting new airplane program," said Dan Wheeler, Spirit A350 Program Director. "We're proud to have won this contract through a global competitive bid process, and will begin work on the design phase of the program immediately."

To accommodate this and other new work packages, Spirit announced plans to expand its operations with a new facility in Lenoir County, North Carolina, near the city of Kinston.

"To meet the demand for new aircraft, Spirit is establishing a design, fabrication and assembly plant in eastern North Carolina," said Turner. "Investing in additional facilities at this time assures we will be competitive and will be able to retain our position as a top Tier 1 supplier to Airbus and other aerospace companies around the world."

Spirit and the State of North Carolina have reached an agreement to begin implementation of a multi-phased project to create a Composites Manufacturing Center for aircraft parts and assemblies in North Carolina. A new facility will be constructed in North Carolina's Global TransPark to accommodate new work packages, and will house both design and build processes. It will initially employ 500 people, with plans to grow employment to 1,000 when all five phases are fully implemented. The project was facilitated by a package of state and local incentives.

"The State of North Carolina met our requirements for financial incentives, a strong industrial base, and expanded labor force requirements," added Turner.

Construction of the new facility in North Carolina will begin later this year, with operations expected to commence in 2010. Portions of work on the A350 XWB are also planned to be performed at Spirit Wichita and at the new Spirit Malaysia facility, which is expected to be operational in 2009.

A presentation highlighting various aspects of this announcement will be posted to the Investor Relations section of Spirit's external website later today.

About Spirit AeroSystems, Inc.

Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland,and Samlesbury, England. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America and Europe. Spirit Europe produces wing components for a host of customers, including Airbus.

This press release contains forward-looking statements concerning future business opportunities. Actual results may vary materially from those projected as a result of certain risks and uncertainties, including but not limited to future levels of business in the aerospace and commercial transport industries or in the number of aircraft to be built; the success and timely progression of our customers' new programs; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings.

On the web: http://www.spiritaero.com
SOURCE: Spirit AeroSystems, Inc.
CONTACT: Debbie Gann,
Corporate Communications of Spirit AeroSystems, Inc.,
+1-316-519-7340
Web site: http://www.spiritaero.com
(SPR)

COPYRIGHT © 2008

Tuesday, May 06, 2008

Business: Spirit Chief Executive Jeff Turner speaking at Bank of America Conference

Wichita, Kan. (ANTARA News/PRNewswire-AsiaNet) - Spirit AeroSystems, Inc. (NYSE: SPR) President and Chief Executive Officer Jeff Turner will speak at the Bank of America 2008 BASics/Industrials Conference on Thursday, May 8, at approximately 10:40 a.m. Eastern Time.

Turner's remarks will be webcast at http://www.spiritaero.com/investor.aspx

Individuals are advised to check the web site ahead of time to ensure their computers are configured for the webcast.

SOURCE: Spirit AeroSystems, Inc.
CONTACT: Philip Anderson, Investor Relations of Spirit AeroSystems,
Inc., +1-316-523-1797/
WEB SITE: http://www.spiritaero.com/investor.aspx /

COPYRIGHT © 2008

Monday, May 05, 2008

Business: Spirit chief Jeff Turner speaking at Merrill Lynch conference

Wichita, Kansas, (ANTARA News/PRNewswire-AsiaNet) - Spirit AeroSystems, Inc. (NYSE: SPR) President and Chief Executive Officer Jeff Turner will speak at the Merrill Lynch Global Markets & Investment Banking Conference on Wednesday, May 7, at approximately 6:30 a.m. Eastern Time.

Turner's remarks will be webcast at http:/www.spiritaero.com/investor.aspx. Individuals are advised to check the web site ahead of time to ensure their computers are configured for the webcast.

SOURCE: Spirit AeroSystems, Inc.
CONTACT: Philip Anderson, Investor Relations, Spirit AeroSystems, Inc.,
+1-316-523-1797/
Web site: http://www.spiritaero.com

COPYRIGHT © 2008

Monday, April 28, 2008

Technology: Spirit AeroSystems, HAECO form China maintenance jv

Wichita, Kan., (ANTARA News/PRNewswire-AsiaNet) - Spirit AeroSystems (NYSE: SPR) announced its participation in a joint venture partnership between several major aviation companies to develop and implement a state-of-the-art composite and metal bond component repair station in the Asia-Pacific region.

Spirit will partner with Hong Kong Aircraft Engineering Company Limited (HAECO), and its subsidiary, TAECO, along with Oklahoma-based First Wave MRO, Inc. to establish a regional service center located near TAECO's facility in Xiamen, China.

Called Taikoo Spirit AeroSystems Composite Co., the service center will provide convenient, world-class repair services for airlines and aircraft operators across the Asia-Pacific region.

Construction of the new facility is underway, with completion and start-up anticipated in mid-2009.

Also joining the new venture will be Cathay Pacific Airways and China Airlines, two of the region's leading air carriers. The two companies will bring their fleet component repair and overhaul business and logistical support to the joint venture.

"This is an exciting opportunity for Spirit," stated Carolyn Harms, Spirit's Vice President and General Manager of Aftermarket Customer Support. "This partnership is another step towards the execution of Spirit's aftermarket growth strategy and our focus on long-term value creation."

Spirit AeroSystems manufactures the nacelle and thrust reversers for many of the aircraft models operating in the Asia-Pacific region.

Spirit also operates a repair center in Wichita, Kan., and has announced the upcoming expansion of its repair operations in Prestwick, Scotland.

In addition to original production manufacturing expertise, Spirit brings significant spare parts and rotable inventory, technical and field support expertise, factory repair capabilities and supply chain support.

About Spirit AeroSystems Inc.

Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of large component parts and assemblies for commercial aircraft. The company does work in military and general aviation, as well as aftermarket customer support. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England.

On the web: http://www.spiritaero.com

SOURCE: Spirit AeroSystems
CONTACT: Debbie Gann,
Corporate Communications of Spirit AeroSystems,
+1-316-519-7340
Web site: http://www.spiritaero.com
(SPR)

COPYRIGHT © 2008

Friday, March 21, 2008

Spirit AeroSystems increases reSpirit AeroSystems increases revolving credit facility to $650 mlnvolving credit facility to $650 mln

Wichita, Kan., (ANTARA News/PRNewswire-AsiaNet) - Spirit AeroSystems, Inc. (NYSE: SPR) announced today the completion of an amendment to its existing credit agreements to increase the Company's $400 million revolving credit facility to $650 million.

The transaction enhances the company's financial flexibility as it continues to invest in product development and win new business across the aerospace industry. The maturity date and interest cost of the credit facility remains unchanged.

"We are pleased with the terms of our increased credit facility, which reflect the lending community's confidence in Spirit and the company's solid financial position," said Rick Schmidt, Spirit's Chief Financial Officer. "This accomplishment provides additional liquidity as we execute our core businesses and implement our growth and diversification strategy."

Spirit AeroSystems will file a report on Form 8-K with the Securities and Exchange Commission that will describe the amendment in greater detail and a copy of the amendment will be filed as an exhibit to the Form 8-K.

About Spirit AeroSystems Inc.

Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of large component parts and assemblies for commercial aircraft. The company does work in military and general aviation, as well as aftermarket customer support. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England.

This press release contains forward-looking statements concerning future business opportunities. Actual results may vary materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement practices or in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings.

SOURCE Spirit AeroSystems, Inc.
CONTACT: Phil Anderson,
Investor Relations,
+1-316-523-1797, or
Sam Marnick,
Corporate Communications,
+1-316-526-3153,
both of Spirit AeroSystems, Inc.
Web site: http://www.spiritaero.com
(SPR)

COPYRIGHT © 2008

Monday, March 17, 2008

Spirit AeroSystems designing, mfg wing for new Gulfstream biz jet

Wichita, Kan., (ANTARA News/PRNewswire-AsiaNet) - Spirit AeroSystems, Inc. (NYSE: SPR) announced Gulfstream Aerospace Corporation, a General Dynamics (NYSE: GD) company, as the customer for one of its previously awarded business jet contracts. Spirit's contract to design, produce, and integrate a flight-ready wing for the Gulfstream G650 Business Jet is worth in excess of $1 billion.

"We have more than 45 years of experience designing and building wing structures for commercial and military aircraft," said Don Carlisle, Vice President General Manager of Spirit's Tulsa Division. "We are excited to bring our expertise to the Gulfstream team to produce this premier business jet."

"Gulfstream has such an outstanding reputation in the business jet community," said Spirit President & CEO Jeff Turner. "It is a great opportunity for us to gain such a customer, and the fact that it is Gulfstream's largest and most advanced aircraft makes it even more important for us."

The G650 offers the longest range, fastest speed, largest cabin and the most advanced cockpit in the Gulfstream fleet. It is capable of traveling 7,000 nautical miles at 0.85 Mach or 5,000 nautical miles at 0.90 Mach. Using an advanced aerodynamic design, the G650 has a maximum operating speed of 0.925 Mach, which will make it the fastest civil aircraft flying. It can climb to a maximum altitude of 51,000 feet.

Spirit won the contract through a global competitive bid process. The company will utilize its internal capability and global supply base to design and manufacture components for the aircraft. Final assembly, testing and delivery will be done at its Tulsa, Okla., facility.

About Spirit AeroSystems Inc

Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of large component parts and assemblies for commercial aircraft. The company does work in military and general aviation, as well as aftermarket customer support. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England.

This press release contains forward-looking statements concerning future business opportunities. Actual results may vary materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement practices or in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings.

On the web: http://www.spiritaero.com
SOURCE: Spirit AeroSystems, Inc.
CONTACT: Debbie Gann,
Corporate Communications of Spirit AeroSystems, Inc.,
+1-316-519-7340
Web site: http://www.spiritaero.com
(SPR GD)

COPYRIGHT © 2008

Spirit AeroSystems to design, make nacelle systems for Rolls-Royce BR725

Wichita, Kan., (ANTARA News/PRNewswire-AsiaNet) - Spirit AeroSystems, Inc. (NYSE: SPR) announced Rolls-Royce as the customer for one of its previously awarded business jet contracts.

Spirit has been selected to design and build the nacelle, thrust reverser and engine build up components for the Rolls-Royce BR725 engine; a contract worth in excess of $600 million. Spirit will also support the aforementioned products in the Rolls-Royce Corporate Care Program throughout the life of the airplane. The BR725 is the selected engine for Gulfstream's recently-announced G650 business jet.

"Spirit's propulsion expertise makes us a prime choice for product development such as this," said Mike King, Senior Vice President and General Manager of Spirit's Propulsion Segment. "We are thrilled to supply to Rolls-Royce and look forward to continuing our relationship with them."

This propulsion package introduces new technology in the design and manufacture of the thrust reverser including highly integrated composite assemblies which provide significantly enhanced acoustic performance and new door concepts. The technology also offers optimum performance including fuel efficiency and unparalleled reverse thrust.

"Spirit has established itself as a leader in the integration of propulsion systems in the commercial market. This is a great opportunity for us to apply that experience and knowledge to an entirely new market," King said.

Spirit won the contract through a global competitive bid process. The components will be designed and manufactured at the company's Wichita, Kan., facility.

About Spirit AeroSystems, Inc.

Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of large component parts and assemblies for commercial aircraft. The company does work in military and general aviation, as well as aftermarket customer support. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England.

This press release contains forward-looking statements concerning future business opportunities. Actual results may vary materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement practices or in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings.

SOURCE: Spirit AeroSystems, Inc.
CONTACT: Debbie Gann,
Corporate Communications of Spirit AeroSystems, Inc.,
+1-316-519-7340
Web site: http://www.spiritaero.com
(SPR)

COPYRIGHT © 2008