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

Wednesday, October 28, 2009

Spirit AeroSystems Formally Opens Malaysian Aerospace Manufacturing and Design Facility

Spirit AeroSystems ~ October 28, 2009
SUBANG, Kuala Lumpur, Oct. 28 /PRNewswire-FirstCall/ -- Spirit AeroSystems Inc., (NYSE: SPR - News) the world's largest independent supplier of commercial airplane assemblies and components, today formally opened its 242,000-square-foot aerospace manufacturing and design facility.
The facility, which will initially produce composite sub-assemblies for Airbus single aisle aircraft, also includes an in-house design engineering team working on developing assemblies for the latest, state-of-the-art Airbus aircraft, the A350 XWB.
"There are a number of reasons Spirit chose Malaysia as the location for a new facility," said Jeff Turner, President and CEO of Spirit AeroSystems, Inc. "I like to think that, although Spirit is an aerospace company, it's also a people company and it is the people in Malaysia that have convinced me that this is a great place for Spirit to grow globally."
Prime Minister of Malaysia, YAB Dato' Sri Mohd, Najib Tun Abdul Razak will officiate the Opening Ceremony that marks Malaysia's commitment to make investments in the aerospace industry through Smart Partnerships. The project has received significant support from key institutional bodies of Malaysia like the Malaysian Industrial Development Authority (MIDA), Malaysian Industry-Government Group for High Technology (MIGHT) and Malaysia Airports Holdings Berhad (MAHB). All have been instrumental in furthering Malaysia's collaborative efforts with Spirit.
Spirit AeroSystems Malaysia Sdn Bhd will occupy a central role in the development of the Malaysian aerospace industry as a whole, and is strategically located at the centre of the Malaysia International Aerospace Centre (MIAC) and adjacent to the runway for Sultan Abdul Aziz Shah Airport in Subang.
"We have a long history of dealing with Malaysian suppliers and partners like CTRM and SMEA," added Francis Hiew, the Managing Director of Spirit AeroSystems Malaysia. "The growth of Spirit and the opening of Spirit Malaysia mean that these companies can continue to grow and share in our future success."
When fully operational, the Spirit facility is expected to employ in excess of 450 employees in a variety of assembly, manufacturing, engineering, commercial and support roles. Due to its location, the facility has significant opportunities to expand its products, capacity and services.
On the web: http://www.spiritaero.com/
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 locations in Tulsa and McAlester, Okla.; Prestwick, Scotland; Samlesbury, England; Kuala Lumpur, Malaysia; and is developing new manufacturing facilities in Kinston, N.C. and Saint-Nazaire, France. 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, Europe and Asia. 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.

Monday, September 21, 2009

Spirit AeroSystems Announces Senior Notes Offering

Spirit AeroSystems, Inc. ~ September 21, 2009,
WICHITA, Kan., Sept. 21 /PRNewswire-FirstCall/ -- Spirit AeroSystems, Inc., a wholly-owned subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE: SPR - News; the "Company") announced today that it intends to offer $300 million in aggregate principal amount of senior notes due 2017 (the "Notes") in a private placement to be conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, subject to market and other conditions. The Notes will be issued by Spirit AeroSystems, Inc. and guaranteed by the Company and its subsidiaries that guarantee its senior secured credit facility on a full and unconditional basis.
Spirit AeroSystems, Inc. intends to use the net proceeds from the offering to repay borrowings under its existing senior secured revolving credit facility without any reduction of the lenders' commitment thereunder, for general corporate purposes and to pay fees and expenses incurred in connection with this offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The notes to be offered have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the offering of the Notes and the anticipated use of proceeds therefrom. These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Any forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable securities laws, Spirit AeroSystems, Inc. expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If Spirit AeroSystems, Inc. does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning risks, uncertainties and other factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to Spirit AeroSystems, Inc.'s business in general, please refer to the Company's SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2008 and its Quarterly Reports on Form 10-Q for the quarter periods ended April 2, 2009 and July 2, 2009.
On the web: http://www.spiritaero.com
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 locations in Tulsa and McAlester, Okla.; Prestwick, Scotland; Samlesbury, England; Kuala Lumpur, Malaysia; and is developing a new manufacturing facility in Kinston, N.C. 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, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.

Friday, August 28, 2009

Spirit Chief Executive Jeff Turner Speaking at Morgan Stanley Global Industrials CEOs Unplugged Conference

WICHITA, Kan., Aug. 28 /PRNewswire-FirstCall/ -- Spirit AeroSystems, Inc. (NYSE: SPR - News) President and Chief Executive Officer, Jeff Turner, will speak at the Morgan Stanley Global Industrials CEOs Unplugged Conference in New York City, N.Y., at approximately 11:45 a.m. Eastern time on Wednesday, Sept. 2, 2009.
Mr. Turner's remarks will be webcast and presentation materials will be available at http://www.spiritaero.com/investor.aspx.
Individuals are urged to check the web site in advance to ensure their computers are configured for the webcast.
On the web: http://www.spiritaero.com
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 locations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England, and is developing new manufacturing facilities in North Carolina and Malaysia. 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, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.

Tuesday, June 16, 2009

Spirit AeroSystems Selected to Design and Manufacture Pylon for Bombardier CSeries Aircraft

WICHITA, Kan., June 16 /PRNewswire-FirstCall/ -- Spirit AeroSystems, Inc. (NYSE: SPR - News) has been selected to design and build the pylon for the Bombardier CSeries* commercial jet. In addition to the pylon, the work package for both the CS100 and CS300 aircraft models includes systems, strut-to-wing hardware, and the aft fairing package.
"Spirit is honored to partner with Bombardier on the CSeries aircraft program," said Mike King, senior vice president and general manager of Spirit's Propulsion Segment. "We're thrilled to welcome Bombardier as a new customer, and look forward to building the relationship."
Pylon work will be performed at Spirit's facility in Wichita, Kan. A pylon is a large, highly specialized aerostructure that holds an aircraft's engine and its casing to the wing. Spirit's Wichita location has decades of experience building pylons for large commercial aircraft. It currently builds pylons for every Boeing commercial airplane in production, and was awarded a contract to design and build the pylon for the Mitsubishi Regional Jet in 2008.
Industry-leading designs and processes will be applied by Spirit, including expansion of Spirit Exact(TM), an advanced manufacturing assembly process that utilizes detail part features such as holes, surfaces, and slots, to provide for "self location" of parts at assembly. The process minimizes or eliminates part locating tools and the cost, time and maintenance associated with them.
Parts will be designed and made from light-weight aluminum and titanium materials wherever possible, and will be manufactured at the company's Wichita, Kan., facility.
"Spirit has established itself as a leader in propulsion systems in the commercial market, and adding this work package to our portfolio is an important step in the future of our company," King said.
The Bombardier CSeries family of single-aisle commercial aircraft is designed for the 100- to 149-seat market, featuring the new Pratt & Whitney Geared Turbo Fan Engine. The CSeries aircraft combines advanced materials, leading-edge technology, and proven methods to meet commercial airline needs. The aircraft is expected to enter into service in 2013.
* CSeries is a trademark of Bombardier Inc. or of its subsidiaries.
On the web: www.spiritaero.com
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 locations in Tulsa and McAlester, Okla.; Prestwick, Scotland; Samlesbury, England; Kuala Lumpur, Malaysia; and is developing a new manufacturing facility in Kinston, N.C. 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, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2009, were $19.7 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com.
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.