Spirit AeroSystems Holdings, Inc. operates as an independent non-OEM (original equipment manufacturer) aircraft parts designer and manufacturer of commercial aerostructures worldwide. Segments The company operates through three segments, including Fuselage Systems, Propulsion Systems, and Wing Systems. Fuselage Systems This segment includes development, production and marketing of forward, mid and rear fuselage sections and systems, primarily to aircraft OEMs, as well as related spares and MRO. Propulsion Systems This segment includes nacelles, struts/pylons and engine structural components. This segment includes development, production and marketing of struts/pylons, nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. Wing Systems This segment includes wing components, flight control surfaces and other miscellaneous structural parts. This segment includes development, production and marketing of wings and wing components (including flight control surfaces) and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services. Products Commercial Aircraft Structures The company designs, engineers, and manufactures large commercial aircraft structures, such as fuselages, nacelles (including thrust reversers), struts/pylons, wing structures, and flight control surfaces. It sells a package of aerostructure components, referred to as a shipset, to its customers. Military Equipment In addition to providing aerostructures for commercial aircraft, the company designs, engineers, and manufactures structural components for military aircraft. It has been awarded a significant amount of work for The Boeing Company’s (Boeing's) P-8, C40, and KC-46 Tanker. The Boeing P-8, C40 and KC-46 Tanker are commercial aircraft modified for military use. Other military programs for which the company provides products include the development of the Sikorsky CH-53K and Bell Helicopter V280 tilt-rotor, and various other programs. Global Customer Support & Services The company continues to expand its base for aftermarket support of the products that it designs and builds. The company has global reach with sales offices in Singapore, Ireland, China, the U.K., and the U.S. Its Spirit catalog has various new and serviceable parts that the company offers directly to the marketplace by virtue of having obtained parts manufacturing approvals from the Federal Aviation Administration. The company has a joint venture MRO repair station in Jinjiang, China, Taikoo Spirit AeroSystems Composite Company, Ltd., which holds Civil Aviation Administration of China certification and FAA and EASA approval. The company’s products include spares that provides replacement parts and components support; maintenance, repair and overhaul (MRO) that certified repair stations that provide complete on-site repair and overhaul; maintains global partnerships to support MRO services; rotable assets that maintain a pool of rotable assets for sale, exchange and/or lease; and engineering services, which includes engineering, tooling and measurement services. Strategy The company’s strategy is to enter into long-term contracts with suppliers. Customers For the twelve months ended December 31, 2015, approximately 84% of the company’s revenues were from sales to The Boeing Company (Boeing). For the twelve months ended December 31, 2015, approximately 11% of the company’s revenues were from sales to Airbus S.A.S. (Airbus). The company has expanded its customer base to include Sikorsky, Rolls-Royce, Bombardier, Mitsubishi Aircraft Corporation, Bell Helicopter, Southwest Airlines, United Airlines, and American Airlines. Research and Development For the year ended December 31, 2015, the company spent approximately $27.8 million on research and development. Governmental Regulations The company must satisfy the requirements of its customers, including OEMs and airlines that are subject to the Federal Aviation Administration regulations. The company’s operations are in material compliance with the Occupational Safety and Health Act’s health and safety requirements. Competition The company’s principal competitors among OEMs include Boeing; Airbus (including its wholly-owned subsidiaries Stelia Aerospace and Premium Aerotec GmbH); Embraer Brazilian Aviation Co.; Alenia Aermacchi; and United Technologies Corporation. Its principal competitors among non-OEM aerostructures suppliers are Aernnova, Aircelle S.A.; Fuji Heavy Industries, Ltd.; GKN Aerospace; Kawasaki Heavy Industries, Inc.; Mitsubishi Heavy Industries; Nordam; Sonaca; Triumph Group, Inc.; Latecoere S.A.; and Nexcelle. History Spirit AeroSystems Holdings, Inc. was incorporated in the state of Delaware in 2005.
spirit aerosystems hold-cl a
3801 South Oliver
Wichita, KS 67210
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