Spirit AeroSystems Europe Win Airbus A350 XWB Contract for Wing Leading Edge; Also Announce 900 Million Pounds Sterling ($1.7 Bi
07 Juli 2008 - 2:00PM
PR Newswire (US)
PRESTWICK, Scotland, July 7 /PRNewswire/ -- Spirit Europe, the UK
based European Headquarters of Spirit AeroSystems, Inc. (NYSE:SPR)
today announced it has signed a contract with Airbus to design and
produce a major wing structure for the A350 XWB (Xtra Wide-Body)
programme. Spirit will design and assemble the wing leading edge
structure primarily at its European facility in Prestwick,
Scotland. The Composite Front Spar will be built at Spirit's
recently announced facility in Kinston, North Carolina, USA, with
composite sub-assemblies being manufactured at the Spirit Malaysia
facility at Subang, near Kuala Lumpur. The structure, incorporating
advanced technology, will be made of about 50 percent carbon fiber
content and will measure 32 meters long. "We already have a long
history of producing major wing structures in the UK for current
Airbus models such as the A320 and A380," commented Neil McManus,
Vice President and Managing Director of Spirit Europe. "This
contract win means that we will be playing just as vital a role in
their newest model, the A350 XWB." The contract further increases
Spirit's involvement on the A350 XWB, having recently announced
that it will design and build the large composite center fuselage
section in a newly constructed facility in North Carolina. "We were
already excited to partner with Airbus on the A350 XWB Section 15
composite center fuselage frame section," said Jeff Turner,
President and CEO, Spirit AeroSystems. "To be involved in such a
significant wing package as well is a testament to the design and
manufacturing capability that exists within the entire Spirit
enterprise." In addition, Spirit has reached an agreement worth
$1.7 billion with Airbus to extend their existing contract to
supply leading and trailing edges and other wing structures on the
Airbus A319, A320 and A321 range assembled in the UK from 2011
until 2015. "This contract extension is fantastic news for
aerospace manufacturing in the UK," added McManus. "We now have
visibility on a product line that has been a core part of our
business for a number of years and is set to be an integral part of
our future." About Spirit AeroSystems (Europe) Limited Based in
Prestwick, Scotland and Samlesbury, England, Spirit Europe is the
largest supplier of aerostructures to Airbus. It is the European
division of Spirit AeroSystems, Inc. the world's largest
independent supplier of large component parts and assemblies for
commercial aircraft. In addition to its UK sites, Spirit has
operations in Wichita, Kansas, Tulsa and McAlester, Oklahoma, and
is developing new facilities in North Carolina and Malaysia. This
press release contains forward-looking statements concerning future
business opportunities. Actual results may vary materially from
those projected as a result of certain risks and uncertainties,
including but not limited to future levels of business in the
aerospace and commercial transport industries or in the number of
aircraft to be built; the success and timely progression of our
customers' new programs; challenges in the design, development,
production and support of advanced technologies; as well as other
risks and uncertainties, including but not limited to those
detailed in Spirit AeroSystems Holdings, Inc. Securities and
Exchange Commission filings. On the web: http://www.spiritaero.com/
DATASOURCE: Spirit Europe CONTACT: UK, Conrad King, Spirit Europe
Communications, +44-1292-672323, cell, +44-7793-422408, or US,
Debbie Gann, Corporate Communications, +1-316-526-3910, both of
Spirit Europe Web site: http://www.spiritaero.com/
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