09 May 2015

Spirit AeroSystems invests in automation to meet ramp-up on the A350, currently at rate-2.

Spirit CEO Larry Lawson said in a conference call with analysts that the company is benefiting from performance improvements and cost reductions, and a healthy demand for the aircraft components it makes.

He said the company will continue to focus on performance and cost reductions, while preparing for production increases on the Airbus A350XWB.

Those preparations will include more than $100 million in investments this year in “automation projects” that Lawson said will help Spirit meet its production and cost reduction goals in 2015, and rate increases in the next few years.

“Our goal is to execute a seamless ramp-up as we continue to reduce costs,” Lawson said.

Spirit is gearing up for monthly-rate increases on the A350,  the Boeing 737 (42 to 47 by 2017) and the 787 (10 to 12 by 2016).

Sanjay Kapoor, Spirit’s chief financial officer, said Spirit delivered six A350XWB shipsets(including the center section of the airplane’s fuselage as well as parts of its wings) in the first quarter 2015. That compares with two A350 shipsets it delivered in the first quarter of 2014.

Based on the article “Efforts to rein in costs lead to higher profits for Spirit” published in The Wichita Eagle

1 comment:

  1. This guy on the bike looks very lonely,like the place is deserted! Where is the dynamic work force rushing for the "ramp up" and stage 2 at that?
    Only 7months till the end of the year-should be 36 A350's by then!!