OverviewSuggest Edit

Spirit AeroSystems is a manufacturer and supplier of aerostructures for commercial and defense aerospace programs. It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment is engaged in the development, production, and marketing of flight deck, passenger cabin, and cargo area products, mid and rear fuselage sections, other structure components of the fuselage, including floor beams, as well as related spares and maintenance, repair, and overhaul (MRO) services. The Propulsion Systems segment includes the development, production, and marketing of the nacelles, struts, pylons, and other structural engine components, as well as spares and MRO services. The Wing Systems segment develops produces, and markets flaps, slats, spars, ribs, fixed leading edge, stringers, trailing edges, flap track beams, related spares, and MRO services.
TypePublic
Founded2005
HQWichita, KS, US
Websitespiritaero.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Dec 2020)14,500(-20%)
Job Openings190
Revenue (FY, 2020)$3.4 B(-56%)
Share Price (Sept 2021)$40.1(+5%)
Cybersecurity ratingBMore

Key People/Management at Spirit AeroSystems

Thomas C. Gentile

Thomas C. Gentile

President & Chief Executive Officer
Samantha J. Marnick

Samantha J. Marnick

Executive Vice President & Chief Operating Officer
Duane Hawkins

Duane Hawkins

Senior Vice President & President, Defense
Scott McLarty

Scott McLarty

Senior Vice President, Airbus Programs
Kevin Matthies

Kevin Matthies

Senior Vice President, Chief Technology & Quality Officer
Bill Brown

Bill Brown

Senior Vice President, Boeing Programs
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Spirit AeroSystems Office Locations

Spirit AeroSystems has offices in Wichita, Dallas, Kinston, McAlester and in 6 other locations
Wichita, KS, US (HQ)
3801 S. Oliver St.
Dallas, TX, US
4039 Rock Quarry Rd #600
Kinston, NC, US
2600 Aerosystems Boulevard
Kinston, NC, US
2812 Rouse Road Ext
McAlester, OK, US
1900 E Electric Ave
Tulsa, OK, US
3330 N Mingo Rd
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Spirit AeroSystems Financials and Metrics

Spirit AeroSystems Revenue

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View revenue for all periods
Spirit AeroSystems's revenue was reported to be $3.4 b in FY, 2020 which is a 56.7% decrease from the previous period.
USD

Revenue (Q2, 2021)

1.0b

Gross profit (Q2, 2021)

(12.3m)

Gross profit margin (Q2, 2021), %

(1.2%)

Net income (Q2, 2021)

(135.3m)

EBIT (Q2, 2021)

(97.7m)

Market capitalization (22-Sept-2021)

4.2b

Closing stock price (22-Sept-2021)

40.1

Cash (1-Jul-2021)

1.3b

EV

6.6b
Spirit AeroSystems's current market capitalization is $4.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

7.2b7.9b3.4b

Revenue growth, %

3%9%(57%)

Cost of goods sold

6.1b6.8b3.8b

Gross profit

1.1b1.1b(440.7m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

2.0b2.0b1.9b1.1b644.6m806.3m900.8m1.0b

Cost of goods sold

1.7b1.7b1.6b1.1b925.1m903.4m958.8m1.0b

Gross profit

309.5m292.9m272.3m(35.2m)(280.5m)(97.1m)(58.0m)(12.3m)

Gross profit Margin, %

16%15%14%(3%)(44%)(12%)(6%)(1%)
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

773.6m2.4b1.9b

Accounts Receivable

545.1m546.4m484.4m

Inventories

1.0b1.1b1.4b

Current Assets

2.8b4.6b4.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

1.2b1.3b1.5b1.8b1.9b1.4b1.4b1.3b

Accounts Receivable

618.9m595.5m708.6m508.6m306.0m388.8m525.8m516.3m

Inventories

991.6m970.7m1.0b1.2b1.2b1.2b1.4b1.3b

Current Assets

3.4b3.5b3.8b4.0b3.9b3.6b4.0b3.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

617.0m530.1m(870.3m)

Depreciation and Amortization

231.0m251.7m277.6m

Inventories

(61.3m)(95.4m)(39.5m)

Accounts Payable

244.5m34.6m(592.7m)
Quarterly
USDFY, 2018

EV/EBIT

10.4 x

EV/CFO

11.4 x

Revenue/Employee

424.8k

Debt/Equity

1.5 x

Debt/Assets

0.3 x

Financial Leverage

4.6 x

P/E Ratio

12.8
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Spirit AeroSystems Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Shipsets Delivered

1.73 k4534494371.79 k324159206920

Shipsets Delivered (Boeing)

828216215220867755469256

Shipsets Delivered (Airbus)

83522422120086923795133591

Shipsets Delivered (Business and Regional Jets)

71131317551210473
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Spirit AeroSystems Acquisitions / Subsidiaries

Company NameDateDeal Size
Fiber Materials IncJanuary 10, 2020
IntermatJanuary 10, 2020
ASCO IndustriesMay 02, 2018
Spirit AeroSystems Belgium Holdings BVBA
Spirit AeroSystems Canada, Ltd.
Spirit AeroSystems (Europe) Limited
Spirit AeroSystems Finance, Inc.
Spirit AeroSystems France SARL
Spirit AeroSystems Global Holdings Limited
Spirit AeroSystems Global Investments B.V.
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Spirit AeroSystems Revenue Breakdown

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Spirit AeroSystems revenue breakdown by business segment: 23.5% from Wing Systems, 23.0% from Propulsion Systems, 50.7% from Fuselage Systems and 2.8% from Other

Spirit AeroSystems revenue breakdown by geographic segment: 9.8% from Other , 12.7% from United Kingdom and 77.5% from United States

Spirit AeroSystems Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Spirit AeroSystems Online and Social Media Presence

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Spirit AeroSystems News and Updates

Spirit AeroSystems Announces Quarterly Cash Dividend

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) today announced its board of directors declared a regular quarterly $0.01 per share cash dividend on its outstanding common stock. The dividend is payable on October 4, 2021, to stockholders of record as of the close of business on September 13, 2021

Spirit AeroSystems plans to hire 4,600 workers by 2024

Spirit AeroSystems expects to hire more than 4,600 workers in Wichita by 2024, after losing more than 5,000 jobs during the coronavirus pandemic and since the 737 Max was grounded

Spirit AeroSystems set to expand again in southeast Wichita

The company plans to lease an addition to an existing facility built by the Air Capital Flight Line

Spirit AeroSystems to Release Second Quarter 2021 Financial Results August 4

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will release its second quarter 2021 financial results at 6:30 a.m. Central Time Wednesday, August 4, 2021

Spirit AeroSystems and Albany Engineered Composites Collaborate to Expand Hypersonic Capabilities

Spirit AeroSystems, Inc. and Fiber Materials, Inc. (collectively Spirit), subsidiaries of Spirit AeroSystems Holdings, Inc. (NYSE: SPR), and Albany Engineered Composites, a subsidiary of Albany International Corp. (NYSE: AIN), have formally entered a technical collaboration agreement to capitalize o…

Spirit AeroSystems Adds Space as a Strategic Focus

Spirit AeroSystems, a subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) has changed the name of its defense business to “Defense and Space” to reflect more completely its customer base and capabilities
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Spirit AeroSystems Frequently Asked Questions

  • When was Spirit AeroSystems founded?

    Spirit AeroSystems was founded in 2005.

  • Who are Spirit AeroSystems key executives?

    Spirit AeroSystems's key executives are Thomas C. Gentile, Samantha J. Marnick and Duane Hawkins.

  • How many employees does Spirit AeroSystems have?

    Spirit AeroSystems has 14,500 employees.

  • What is Spirit AeroSystems revenue?

    Latest Spirit AeroSystems annual revenue is $3.4 b.

  • What is Spirit AeroSystems revenue per employee?

    Latest Spirit AeroSystems revenue per employee is $234.8 k.

  • Who are Spirit AeroSystems competitors?

    Competitors of Spirit AeroSystems include PCC Structurals, Safran Aircraft Engines and STELIA Aerospace.

  • Where is Spirit AeroSystems headquarters?

    Spirit AeroSystems headquarters is located at 3801 S. Oliver St., Wichita.

  • Where are Spirit AeroSystems offices?

    Spirit AeroSystems has offices in Wichita, Dallas, Kinston, McAlester and in 6 other locations.

  • How many offices does Spirit AeroSystems have?

    Spirit AeroSystems has 12 offices.