Spirit AeroSystems Holdings, one of the world’s largest independent manufacturers of aircraft structures, has reported a challenging first quarter for 2025, marked by a 11% drop in revenue to $1.5 billion and a substantial net loss of $613 million.
Spirit AeroSystems Holdings has reached a definitive agreement with Airbus to transfer ownership of certain assets and sites involved in the production of Airbus aerostructures directly to Airbus. The transaction is expected to close in the third quarter of 2025, representing a major structural shift in their longstanding manufacturing relationship.
Spirit AeroSystems has announced that Sean Black, currently serving as Chief Engineer, will assume leadership of the company’s Wichita, Kansas site after the completion of Boeing’s acquisition in 2025. The appointment reflects Boeing’s intent to streamline site-level management during the post-merger integration phase.
Spirit AeroSystems, one of the world’s largest aerostructure manufacturers, has announced the departure of John Plueger, who has served as a board member for a decade. Plueger is also the CEO and President of Air Lease Corporation, a major global aircraft lessor.
Spirit AeroSystems Holdings, Inc., a major supplier of aerostructures for commercial and defense aircraft, has announced its financial results for the fourth quarter of 2024. The company reported revenues of $1.7 billion, an operating loss of $577 million, and a net loss of $631 million, reflecting continued financial pressures despite an increase in production output.
Airbus is set to finalize a deal to take over certain European operations of Spirit AeroSystems, according to Airbus CFO Thomas Toepfer. The move is part of Airbus’ strategic expansion and supply chain stabilization, ensuring greater control over key component manufacturing.
Spirit AeroSystems, a leading U.S. aerospace manufacturer, and Boeing have agreed to amend a prior memorandum of agreement (MOA) dated April 2024. The updated terms will postpone Spirit’s repayment of advances to Boeing until 2026, providing Spirit with additional financial flexibility.
Airbus is reportedly close to signing a definitive agreement with Spirit AeroSystems (US) for the acquisition of Airbus-related work packages. The deal is expected to be finalized within the next few days, as Spirit prepares for its pending takeover by Boeing. This agreement could redefine the competitive landscape in the aerospace sector, with Montana Aerospace (US) emerging as a potential bidder for the divested packages.
Spirit AeroSystems Holdings, a leading U.S.-based manufacturer in the aerospace sector, has announced a purchase agreement to sell its subsidiary Fiber Materials to Tex-Tech Industries. The deal is valued at $165 million in cash, subject to customary adjustments.
Spirit AeroSystems has announced an Advance Payments Agreement with Boeing, under which Boeing will provide advance payments totaling up to $350 million. This financial commitment is intended to support Spirit’s production of Boeing components, ensuring that production rates meet Boeing’s requirements. This agreement marks a significant step in Spirit AeroSystems’ collaboration with Boeing, as the funding will provide crucial capital…
