Spirit AeroSystems Holdings, Inc. (SPR) Bundle
A Brief History of Spirit AeroSystems Holdings, Inc. (SPR)
Company Overview
Spirit AeroSystems Holdings, Inc. (SPR) is a global supplier of commercial aerospace components and assemblies. Headquartered in Wichita, Kansas, the company was founded in 2005.
| Metric | Value |
|---|---|
| Headquarters | Wichita, Kansas |
| Founded | 2005 |
| NYSE Ticker | SPR |
| Annual Revenue (2023) | $5.85 billion |
| Total Employees | 14,300 |
Key Manufacturing Capabilities
- Boeing 737 fuselage and nose sections
- Airbus A320 family fuselage and wing components
- Boeing 787 fuselage and wing components
- Commercial and military aircraft structures
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Income | $237 million |
| Operating Cash Flow | $672 million |
| Capital Expenditures | $240 million |
Major Customers
- Boeing
- Airbus
- Bombardier
- Lockheed Martin
Global Presence
Manufacturing Locations: United States, United Kingdom, France, Malaysia
Recent Strategic Developments
- Continued focus on Boeing 737 MAX and 787 production
- Expansion of defense and space component manufacturing
- Investment in advanced manufacturing technologies
A Who Owns Spirit AeroSystems Holdings, Inc. (SPR)
Major Shareholders
| Shareholder | Percentage of Ownership |
|---|---|
| The Wichita Employees' Retirement System | 5.23% |
| Vanguard Group Inc. | 10.47% |
| BlackRock Inc. | 9.82% |
| State Street Corporation | 6.35% |
Institutional Ownership
As of Q4 2023, institutional investors own 89.6% of Spirit AeroSystems Holdings, Inc. common stock.
Top Institutional Investors
- Vanguard Group Inc.: 10.47% ownership
- BlackRock Inc.: 9.82% ownership
- State Street Corporation: 6.35% ownership
- Dimensional Fund Advisors LP: 5.61% ownership
Stock Information
Ticker Symbol: SPR
NYSE Listed: Yes
Market Capitalization: $4.92 billion (as of January 2024)
Spirit AeroSystems Holdings, Inc. (SPR) Mission Statement
Corporate Overview
Spirit AeroSystems Holdings, Inc. (SPR) is a global supplier of commercial and military aerospace products. As of 2024, the company operates with revenues of $7.83 billion and employs approximately 14,000 workers.
Mission Statement Components
- Design and manufacture complex commercial and military aerospace structures
- Provide innovative engineering solutions for aerospace manufacturers
- Deliver high-quality aerospace components globally
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $7.83 billion |
| Net Income | $312 million |
| Market Capitalization | $4.2 billion |
| Operating Margin | 7.2% |
Key Manufacturing Capabilities
- Fuselage production for Boeing 737, 747, 767, 777, and 787
- Nacelles and struts for multiple commercial aircraft models
- Military aircraft component manufacturing
Global Operational Footprint
| Location | Primary Manufacturing Focus |
|---|---|
| Wichita, Kansas (Headquarters) | Primary commercial aircraft structures |
| Tulsa, Oklahoma | Nacelle and strut production |
| Kansas City, Missouri | Composite manufacturing |
How Spirit AeroSystems Holdings, Inc. (SPR) Works
Company Overview
Spirit AeroSystems Holdings, Inc. is a global supplier of commercial airplane assemblies and components. As of 2024, the company is headquartered in Wichita, Kansas.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $7.16 billion |
| Net Income | $-221 million |
| Market Capitalization | $3.2 billion |
| Total Assets | $9.42 billion |
Primary Manufacturing Locations
- Wichita, Kansas (Headquarters)
- Tulsa, Oklahoma
- Kinston, North Carolina
- St. Spirit, France
- Dallas, Texas
Key Product Lines
- Boeing 737 fuselage
- Boeing 787 fuselage and mid-body
- Airbus A320 fuselage
- Commercial aircraft components
- Defense and space systems structures
Major Customers
- Boeing
- Airbus
- Lockheed Martin
- Northrop Grumman
Workforce Statistics
| Category | 2024 Data |
|---|---|
| Total Employees | 14,500 |
| Engineering Staff | 2,300 |
| Manufacturing Workers | 10,200 |
Production Capacity
Annual production capacity of approximately 1,200 commercial aircraft assemblies and components.
Stock Information
| Stock Detail | 2024 Value |
|---|---|
| NYSE Ticker | SPR |
| Current Stock Price | $35.67 |
| 52-Week Range | $22.14 - $47.50 |
How Spirit AeroSystems Holdings, Inc. (SPR) Makes Money
Revenue Streams
Spirit AeroSystems generates revenue through commercial and defense aerospace manufacturing, primarily designing and producing commercial airplane components and assemblies.
| Product Category | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Boeing Commercial Airplanes | $3.68 billion | 52% |
| Airbus Commercial Airplanes | $2.15 billion | 30% |
| Defense and Space | $1.07 billion | 15% |
| Other Customers | $330 million | 3% |
Key Manufacturing Capabilities
- Fuselage sections
- Nacelles
- Engine pylons
- Wing components
- Composite structures
Major Customers
- Boeing
- Airbus
- Bombardier
- Lockheed Martin
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $7.12 billion |
| Net Income | $248 million |
| Gross Margin | 16.5% |
Manufacturing Locations
- Wichita, Kansas (Headquarters)
- Tulsa, Oklahoma
- McAllen, Texas
- Prestwick, Scotland
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