Spirit AeroSystems plans major expansion

Spirit AeroSystems [NYSE: SPR] has announced plans for major expansion and growth, including the addition of 1,000 jobs and capital investments totaling USD 1 billion over the next five years at its Wichita, Kan., facility, the company said.

The growth is fueled by a number of factors: increasing production rates on existing commercial aircraft programs, growth in Spirit´s Fabrication and Defense businesses and other new business pursuits. The announcement solidifies Spirit´s presence in Wichita and Kansas for decades to come.

The memorandum of understanding (MOU) with the city and Sedgwick County includes joint investment in a new building to be constructed on the north side of Spirit´s property. The completion of the transactions contemplated by the MOU is contingent on approval by the Wichita City Council and the Sedgwick County Commission and the execution of definitive agreements between the parties.

Spirit AeroSystems designs and builds aerostructures for both commercial and defense customers. With headquarters in Wichita, Kansas, Spirit operates sites in the US, UK, France and Malaysia. The company´s core products include fuselages, pylons, nacelles and wing components for the world´s premier aircraft. Spirit AeroSystems focuses on affordable, innovative composite and aluminum manufacturing solutions to support customers around the globe. More information is available at www.spiritaero.com.