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SPR - Spirit Aerosystems Holdings Inc
$43.21
-0.91(-2.06%)8:00:02 PM 10/21/2021
Spirit AeroSystems, Inc. , based in Wichita, Kansas, is the world's largest first-tier aerostructures manufacturer. The company builds several important pieces of Boeing aircraft, including the fuselage of the 737, portions of the 787 fuselage, and the cockpit section of the fuselage of nearly all of its airliners. Spirit also produces fuselage sections and front wing spars for the Airbus A350. Spirit's main competition comes from Triumph Aerostructures - Vought Aircraft Division, Collins Aerospace, Leonardo, and Kawasaki Heavy Industries. Spirit was formed when Boeing Commercial Airplanes sold its Wichita division to investment firm Onex. Boeing Defense, Space & Security retained its military business in Wichita, which lay on neighboring land, until Boeing sold most of those properties to Air Capital Flight Line. The Wichita division was responsible for construction of many important aircraft in Boeing's history, including the B-29 Superfortress, B-47 Stratojet, and B-52 Stratofortress. Spirit can trace its legacy back even further to Stearman Aircraft, which was founded on the same site; Stearman later became part of Boeing. Spirit also includes North American Aviation's former Tulsa and McAlester facilities , as well as additional facilities in Kinston, NC, Prestwick, Scotland, Saint-Nazaire, France, and Subang, Malaysia.
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    10/21/2021SPR
    Textron Aviation keeping vaccination rate to itself

    Both Textron Aviation and Spirit AeroSystems are requiring vaccination due to their role as federal contractors.

    10/20/2021SPR
    Machinists retain lawyer to push back against vaccine mandates

    The head of the International Association of Machinists and Aerospace Workers in Wichita says the union has retained a lawyer and plans legal action to try and fight the Covid-19 vaccine mandates at Spirit AeroSystems Inc. and Textron Aviation. In a video update posted to the union’s website on Tuesday, Cornell Beard, District 70 president and directing business representative, urged union members to fill out information that would soon be coming out to them from the unnamed attorney. Beard al...

    10/19/2021SPR
    Spirit exec puts company's U.S. workforce vaccinations at 54%

    On the heels of a mandate that workers must be vaccinated against Covid-19, Spirit AeroSystems Inc. now has a vaccination rate above 50% for its U.S. workforce. “Right now, we have about a 54% vaccination rate,” said Sam Marnick, president of Spirit’s commercial division and company COO. Commenting on that rate as part of a panel discussion for the WBJ’s ICT Summit on Tuesday, Marnick reiterated the company’s stance that as a federal contractor the company must comply with vaccine mandate of P...

    10/19/2021SPR
    Some Workers Want Covid-19 Recovery Accepted as Evidence of Immunity

    Nurses, factory workers and professional athletes opposed to vaccine mandates are asking that immunity from prior Covid-19 infection be recognized alongside vaccination as sufficient protection against the virus.

    10/18/2021SPR
    Ex-Boeing pilot pleads not guilty in 737 MAX probe

    A former test pilot for the Boeing Co. has pleaded not guilty to allegations of withholding information related to a flight control system implicated in two deadly crashes of the 737 MAX. Mark Forkner entered the plea in federal court in Fort Worth on Friday, one day after he was indicted by a grand jury. According to a report from WFAA News in Fort Worth, which covered Forkner’s appearance, the defense attorney for the former Boeing (NYSE: BA) pilot said his client is being made a scapegoat f...

    10/15/2021SPR
    Spirit CEO: Covid vaccine mandate is a risk employees have to take

    The head of Spirit AeroSystems Inc. in Wichita reiterated to employees Friday that, barring approved exemption, there was no getting out of being vaccinated against Covid-19. “Yes, there are risks and inconveniences to taking any vaccine, but throughout history people taken risks in times of great struggle to overcome huge obstacles,” CEO Tom Gentile said in an internal company email to all employees obtained by the WBJ. Spirit (NYSE: SPR) earlier this month said it would require vaccination f...

    10/15/2021SPR
    Spirit, NIAR partner on ‘game-changer’ defense center in Wichita

    Two local entities already heavily tied to the defense industry are joining forces again on a project stakeholders say makes Wichita a crucial cog in military work. Spirit AeroSystems Inc. and the National Institute for Aviation Research at Wichita State University on Friday celebrated the opening of the new National Defense Prototype Center. Leaders of the company and the university’s aviation research arm say the plan is to pack the 125,000 square-foot facility with the technology that will ...

    10/15/2021SPR
    CORRECTING and REPLACING Spirit AeroSystems Statement on Possible Flawed Parts from MPS

    WICHITA, Kan., October 15, 2021--Please replace the release with the following corrected version due to revisions to the first paragraph.

    10/15/2021SPR
    Aero supplier Spirit says it took action over parts obtained indirectly from MPS

    On Thursday, Boeing said some 787 Dreamliner parts were improperly made over the past three years. Reuters on Thursday reported that Boeing had also contacted aerostructures maker Spirit in March to warn it not to use parts supplied by MPS.

    10/15/2021SPR
    Spirit AeroSystems says it has already been flagging items from questioned supplier

    Spirit says it and other suppliers were directed in March to audit parts that originated from an Italian supplier.