Spirit AeroSystems Holdings, Inc., through its subsidiaries, operates as a non-original equipment manufacturer (OEM) that designs and manufactures commercial aerostructures worldwide. Segments The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. Fuselage Systems This segment includes the development, production, and marketing of forward, mid and rear fuselage sections and systems, primarily to aircraft OEMs, as well as related spares and maintenance, repair and overhaul (MRO) support and services. Propulsion Systems This segment includes the development, production, and marketing of struts/pylons, nacelles (including thrust reversers), and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. Wing Systems This segment includes the development, production, and marketing of wings and wing components (including flight control surfaces), as well as other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services. Products Commercial Aircraft Structures The company principally designs, engineers, and manufactures commercial aircraft structures, such as fuselages, nacelles (including thrust reversers), struts/pylons, wings and wing assemblies and flight control surfaces. The company sells a package of aerostructure components, referred to as a ship set, to its customers. Military Equipment The company also designs, engineers, and manufactures structural components for military aircraft. It has been awarded an amount of work for the B737 P-8A, B737 C40 and B767 KC-46 Tanker. The B737 P-8A, B737 C40 and B767 KC-46 Tanker are commercial aircraft modified for military use. Other military programs for which the company provides products include the development of the Sikorsky CH-53K and Bell Helicopter V-280 tilt-rotor, and various other programs. Aftermarket The company has developed its global sales and marketing channel for spare parts, with sales offices in Singapore, Ireland, China, and the U.S. Its Spirit catalog has approximately 14,000 parts that it is selling directly to the marketplace by virtue of having obtained parts manufacturing approvals from the Federal Aviation Administration (FAA). In addition, the company operates a MRO repair station through a joint venture in Jinjiang, China, Taikoo Spirit AeroSystems Composite Company, Ltd., which holds Civil Aviation Administration of China certification and FAA and European Aviation Safety Agency approval. Customers The company’s primary customers are aircraft OEMs. The Boeing Company (Boeing) and Airbus S.A.S. (Airbus) are its two major customers. Its customers also include Sikorsky, Rolls-Royce, Gulfstream, Israel Aerospace Industries, Bombardier, Mitsubishi Aircraft Corporation, Bell Helicopter, Southwest Airlines, United Airlines, and American Airlines. Strategy The company’s strategy is to enter into long-term contracts with suppliers to secure competitive pricing. Research and Development The company’s research and development expenses were approximately $34.7 million during the year ended December 31, 2013. Governmental Regulations The company must satisfy the requirements of its customers, including OEMs and airlines that are subject to the FAA regulations, and provide these customers with products and services that comply with the government regulations applicable to commercial flight operations. The company’s operations are in material compliance with the Occupational Safety and Health Act’s health and safety requirements. Competition The company’s principal competitors include Airbus (including their wholly-owned subsidiaries, Aerolia SAS and Premium Aerotec GmbH), Boeing, Dassault Aviation, Embraer Brazilian Aviation Co., Alenia Aermacchi, Gulfstream Aerospace Co., United Technologies Corporation, and Textron Inc. The company’s principal competitors also include Aircelle S.A.; Fuji Heavy Industries, Ltd.; GKN Aerospace; Kawasaki Heavy Industries, Inc.; Mitsubishi Heavy Industries; Sonaca; Triumph Group, Inc.; Latecoere S.A.; and Nexcelle.
spirit aerosystems hold-cl a
3801 South Oliver
Wichita, KS 67210
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