Spirit Aerosystems

The awards, combined with prior rounds of funding announced in September and November 2021, bring the total to $673 million to protect jobs at 593 U.S. companies,

Share prices of publicly traded A&D companies in 2021 were up from catastrophic 2020, but still down from pre-pandemic heights.

The big, scary supply chain issue haunting the aerospace industry is actually the fragility and weakening position of lower-tier suppliers whose fate depends on the robustness of a commercial aero recovery.

Spirit AeroSystems is now making several changes it had wanted to make eventually in a much quicker fashion—potentially turning its labor-intensive, 20th-century style factories into modern marvels of digitally driven lean manufacturing efficiency.

Spirit AeroSystems is growing the defense part of its revenue streams faster than expected, which is mildly helping to offset lost work in making airliners, the company’s CEO said Feb. 23.

A team headed by Spirit Aerosystems will lead the development and demonstration of a low-cost unmanned combat aircraft that could go on to operate as a loyal wingman for the UK’s Typhoon, F-35, and later Tempest manned fighters.

Leading Tier 1 supplier Spirit AeroSystems and the U.S. Export-Import Bank (Ex-Im) have inaugurated a new kind of federally backed, discounted-rate lending for aerospace suppliers—beginning with a $40 million transaction based on receivables from Spirit’s lower-tier providers.

Spirit AeroSystems intends to keep pursuing its acquisition of Asco Industries and certain aerostructure assets from Bombardier, despite retrenchment in the com

Boeing has told its primary 737 supplier Spirit AeroSystems to produce only 72 shipsets this year.

The move marks another milestone in a gradual recovery for the aircraft program, which has been grounded since March 2019.

Leaders of aerostructures supplier Spirit AeroSystems already are envisioning a dramatically different company as COVID-19 upends commercial air

The largest aerostructures provider to Airbus, Boeing and other aircraft makers will lay off around 1,450 more workers at its Wichita headquarters campus.

Spirit AeroSystems—the primary supplier to Boeing including for much of the 737 MAX and which does substantial defense industry work—warned Wall Street on April 14 it will record a roughly $160 million loss for the recently ended first quarter of 2020, as well as a pretax loss of around $102 million.

Boeing’s suspension of aircraft production at its major Puget Sound and Moses Lake, Washington, campuses has been extended “until further notice,” the OEM said April 5.

WICHITA—Spirit AeroSystems missed 2019 fourth quarter profit expectations, marred by production cuts on the Boeing 737 MAX and a loss on the 787 widebody jet pr

Boeing on Jan. 6 provided more details on how the 737 MAX production pause will progress, while major program supplier Spirit AeroSystems said it will begin accepting “voluntary” layoffs.

Spirit AeroSystems, the leading supplier of 737 aerostructures to Boeing, announced Dec. 20 that it will stop producing new 737 aerostructures and halt deliveries to its OEM customer on Jan. 1, 2020.