Spirit AeroSystems, Boeing Reach Agreement to Support Production Stability

• Memorandum of Agreement to enable production increases and enhance quality, predictability

WICHITA, Kan., Oct. 18, 2023 /PRNewswire/ -- Spirit AeroSystems, Holdings Inc. [NYSE: SPR] announced today that its subsidiary, Spirit AeroSystems Inc., entered into a Memorandum of Agreement (MoA) with The Boeing Company. The agreement enables greater collaboration to achieve improved quality and higher deliveries in the future. "Boeing and Spirit will continue to work shoulder to shoulder to mitigate today's operational challenges," said Spirit AeroSystems.

President and CEO Patrick M. Shanahan said: "Our collective teams will focus on further generating supply chain performance and resiliency. This united effort to synchronize our production systems will enable greater market responsiveness and delivery assurance."

The agreement strengthens the strategic relationship between Spirit and Boeing for the long-term to fulfill operational commitments and airline expectations. 

On the web: www.spiritaero.com
On Twitter: @SpiritAero

About Spirit AeroSystems
Spirit AeroSystems is one of the world's largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company's core products include fuselages, integrated wings and wing components, pylons, and nacelles. We are leveraging decades of design and manufacturing expertise to be the most innovative and reliable supplier of military aerostructures, and specialty high-temperature materials, enabling warfighters to execute complex, critical missions.  Spirit also serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco. More information is available at www.spiritaero.com.

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SOURCE Spirit Aerosystems