12 August 2015

Spirit Aerosystems ramps up the A350 deliveries

"In June, we celebrated our 10th anniversary, and I would like to congratulate Spirit's employees around the globe on what they have accomplished," said President and Chief Executive Officer Larry Lawson

Source: Airbus

"Preparing for aircraft rate increases is a key focus for us this year.”

“Near term, we are capitalizing to increase the production rate of the 787 to 12 shipsets per month and the 737 to 47 shipsets per month, as well as the higher production rates on the A320 and A350 programs," Lawson added.

"The results of our efforts to reduce our cost and drive increased productivity are manifest in the quarter and we will continue to drive the enterprise with a focus on operational efficiency across all aspects of the business," Lawson concluded.

Spirit AeroSystems reported 2nd quarter financial results driven by positive operating performance of mature programs.

Spirit's 2Q/2015 revenues were $1.7 billion, down 6% compared to the same period of 2014 primarily due to the Gulfstream wing divestiture and lower revenues recognized on the 787 program.

Source: Airbus

Sanjay Kapoor, Spirit’s chief financial officer, said Spirit delivered 9 A350XWB shipsets (including the center section of the airplane’s fuselage as well as parts of its wings) in the 2nd quarter 2015. That compares with 5 A350 shipsets it delivered in the 2nd quarter of 2014.

Based on the press release “Spirit AeroSystems releases 2Q earnings and announces share repurchase program”

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