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Spirit's primary competitors in the aerostructures market include Collins Aerospace, Kawasaki Heavy Industries, Leonardo, and Triumph Group. Spirit AeroSystems was established in 2005 when Boeing spun-off its Wichita division to an investment firm. Boeing entered into an agreement to re-acquire Spirit in July 2024 for $4.7 billion.
The American company, Spirit AeroSystems, employs over 4,000 people across 7 facilities in Northern Ireland (Belfast, Dunmurry, Newtownards, and Newtownabbey) and Scotland (Prestwick Airport). The Northern Ireland operations can trace their roots back to Shorts Brothers in Northern Ireland.
About 70% of Spirit AeroSystems' revenue last year came from work done for Boeing, according to Spirit's latest annual report. That is up from 60% two years earlier. That is up from 60% two years ...
(Reuters) -Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn ...
MONTREAL/SEATTLE (Reuters) - Spirit AeroSystems Holdings Inc <SPR.N> has emerged as the front-runner to acquire Bombardier Inc's <BBDb.TO> aerostructures facilities in Belfast and Morocco, two ...
Spirit AeroSystems, which is based in Belfast, Northern Ireland, was the aircraft's prime contractor and full-scale flight trials were planned for 2023. On 24 June 2022, the UK Ministry of Defence announced the cancellation of Project Mosquito, explaining that there were more beneficial capability and cost-effectiveness in smaller "additive ...
The acquisition's equity value of $4.7 billion is $37.25 per share, while the total value of the deal is around $8.3 billion, which includes Spirit’s last reported net debt, the aerospace ...
The Belfast Harbour Estate is home to many well-known Northern Ireland businesses such as George Best Belfast City Airport, Harland and Wolff, Spirit AeroSystems, Odyssey, the Catalyst Inc, Titanic Quarter and Titanic Belfast. Over 700 firms employing 23,000 people are located within the estate.