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Wichita plant as seen in 2005, just before Spirit Aerosystems took control. Spirit was originally formed as Mid-Western Aircraft Systems when Boeing sold its Wichita factory along with facilities in Tulsa and McAlester to the investment firm Onex Corporation in June 2005 for US$900 million in cash and the assumption of $300 million in debt, a total of $1.2 billion in enterprise value.
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 ...
(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 ...
WASHINGTON (Reuters) -Boeing agreed on Sunday to acquire Spirit AeroSystems for $37.25 per share, in an all-stock deal that values the supplier at more than $4 billion, according to two sources ...
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 ...
Effective October 28, Spirit will implement a 21-day furlough for approximately 700 employees Spirit AeroSystems Plans Employee Furloughs Amid Ongoing Boeing Strike, Faces Layoff Risk Skip to main ...
The IAM and Spirit AeroSystems are coming off a 10-year contract agreement negotiated in 2010, with a three-year extension in 2020. “It’s been a long time since the parties have been to the table.