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February 05, 2016 6:03 PM ET

Aerospace and Defense

Company Overview of Spirit AeroSystems, Inc.

Company Overview

Spirit AeroSystems, Inc. designs, manufactures, and sells non-OEM aerostructures and aircraft components for commercial and defense aircrafts in the United States and internationally. It offers composite and metallic aircraft fuselages, propulsion systems, pylons, engine nacelles, wing structures and components, fan cowls, thrust reversers, and systems integration products. The company also provides aftermarket customer support services, including maintenance/repair/overhaul, fleet support, engineering, and other services, as well as spare parts. Spirit AeroSystems, Inc. was formerly known as Mid-Western Aircraft Systems Inc. and changed its name to Spirit AeroSystems, Inc. in July 2005. The...

3801 South Oliver Street

PO Box 780008

Wichita, KS 67278-0008

United States

Founded in 2004

Phone:

316-526-9000

Fax:

316-523-8814

Key Executives for Spirit AeroSystems, Inc.

Chief Executive Officer and President
Age: 55
Chief Financial Officer and Senior Vice President
Age: 55
Chief Operations Officer and Executive Vice President
Age: 59
Chief Technology Officer and Senior Vice President of Engineering
Age: 55
Chief Adminstrative Officer and Senior Vice President
Age: 44
Compensation as of Fiscal Year 2015.

Spirit AeroSystems, Inc. Key Developments

Spirit AeroSystems Announces Temporary Layoffs to Become Permanent

Some Spirit AeroSystems production workers who were to be temporarily laid off will receive permanent layoff notices. Spirit said that 'temporary layoffs announced late last year have been transitioned to permanent layoffs'. The permanent layoffs will affect 'a small number of hourly employees' who received temporary layoff notices in December. On Dec. 21, Spirit said it would lay off fewer than 70 production workers in Wichita for a period not expected to last more than 21 days. Spirit said that it would offer transition services to employees who are permanently laid off.

Spirit AeroSystems Plans Temporary Wichita Layoffs

Spirit AeroSystems announced that it will temporarily lay off up to 70 production workers in Wichita, Kansas, at the start of 2016. While the duration of the layoffs remains murky, affected workers still will get benefits. Spirit has roughly 11,000 employees in Wichita. The company says the temporary layoffs come after fewer production workers retired or quit than were projected, and improvement in some production activities have led to a need for fewer workers.

Spirit AeroSystems Names Stacy Cozad as Senior Vice President and General Counsel, Effective Jan. 4, 2016

Spirit AeroSystems announced Stacy Cozad will join the company Jan. 4, 2016, as senior vice president and general counsel, reporting to Larry Lawson, president and chief executive officer. Cozad brings experience in commercial aerospace and corporate litigation, having held leadership positions of increasing responsibility at Southwest Airlines since 2006. She served most recently as Southwest's associate general counsel for litigation, overseeing all litigation for the airline.

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