Spirit AeroSystems Highlights Benefits of Digital Design and Advanced Manufacturing Solutions

Rhea-AI Summary

Spirit AeroSystems, Inc. showcased its advanced manufacturing capabilities at the 2021 Air Force Association Conference. The company emphasized its role in digital transformation, enhancing production efficiency by connecting design and manufacturing processes. Eric Hein, Vice President, stated that Spirit utilizes its experience to facilitate smooth transitions from prototype to production, addressing the complexities of the marketplace. Digital engineering is central to Spirit’s defense diversification strategy, which will continue to be a focus for future investments.

Positive

• Highlighted advanced manufacturing solutions at a major industry conference.
• Focus on digital transformation enhances efficiency in production processes.
• Expertise enables smooth transitions from prototypes to production.

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• None.

WICHITA, Kan.--(BUSINESS WIRE)-- Spirit AeroSystems, Inc. (“Spirit” or “Spirit AeroSystems”), a wholly owned subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE: SPR), is highlighting the company’s industry leading accomplishments in digital and advanced manufacturing solutions at the 2021 Air Force Association Air, Space and Cyber Conference.

Spirit AeroSystems is helping customers transform production by connecting factories across design and production to orchestrate people and processes. Using the digital thread to incorporate information across all steps in conception, design, fabrication, and production creates more efficient manufacturing, and helps industry partners reduce costs, position for scale, industrialize new ideas, ensure quality, meet demanding schedules, and flatten learning curves.

“Spirit AeroSystems is not just talking digital transformation, we are designing and executing highly complex work packages using lessons learned as one of the world’s largest commercial Tier 1 aerostructures company,” said Eric Hein, Spirit Vice President of Defense Advanced Development and Space Programs. “Our experience allows us to help our customers design and build next generation platforms using the digital thread to ensure smooth transition from prototype to production, while simultaneously ensuring complete engineering traceability every step of the way successfully in the rapidly changing marketplace.”

“Digital engineering and advanced manufacturing are key components of Spirit’s defense diversification strategy and will remain core areas of investment going forward,” Hein said.

Hein will also be a participant on the Digital Engineering/Advanced Manufacturing panel on Tuesday, September 21, at 11:00 a.m. ET, which will be moderated by Dr. Joel B. Mozer, Chief Scientist of the United States Space Force.

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

About Spirit AeroSystems Inc.

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.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains "forward-looking statements" that may involve many risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "aim," "anticipate," "believe," "could," "continue," "estimate," "expect," "goal," "forecast," "intend," "may," "might," "objective," "outlook," "plan," "predict," "project," "should," "target," "will," "would," and other similar words, or phrases, or the negative thereof, unless the context requires otherwise. These statements reflect management's current views with respect to future events and are subject to risks and uncertainties, both known and unknown. Our actual results may vary materially from those anticipated in forward-looking statements. We caution investors not to place undue reliance on any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in such forward-looking statements and that should be considered in evaluating our outlook include, without limitation, the impact of the COVID-19 pandemic on our business and operations; the timing and conditions surrounding the full worldwide return to service (including receiving the remaining regulatory approvals) of the B737 MAX, future demand for the aircraft, and any residual impacts of the B737 MAX grounding on production rates for the aircraft; our reliance on Boeing for a significant portion of our revenues; our ability to execute our growth strategy, including our ability to complete and integrate acquisitions; our ability to accurately estimate and manage performance, cost, and revenue under our contracts; demand for our products and services and the effect of economic or geopolitical conditions in the industries and markets in which we operate in the U.S. and globally; our ability to manage our liquidity, borrow additional funds or refinance debt; and other factors disclosed in our filings with the Securities and Exchange Commission. These factors are not exhaustive and it is not possible for us to predict all factors that could cause actual results to differ materially from those reflected in our forward-looking statements. These factors speak only as of the date hereof, and new factors may emerge or changes to the foregoing factors may occur that could impact our business. Except to the extent required by law, we undertake no obligation to, and expressly disclaim any obligation to, publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210920005901/en/

Forrest Gossett

(316) 803-2975

forrest.s.gossett@spiritaero.com

Source: Spirit AeroSystems, Inc.

FAQ

What recent achievements has Spirit AeroSystems highlighted in their press release?

Spirit AeroSystems showcased their advanced manufacturing capabilities and digital transformation initiatives at the 2021 Air Force Association Conference.

How does Spirit AeroSystems plan to invest in its future?

The company plans to focus on digital engineering and advanced manufacturing as key components of its defense diversification strategy.

When did Spirit AeroSystems make its announcement regarding digital transformation?

Spirit AeroSystems made its announcement during the 2021 Air Force Association Air, Space and Cyber Conference.

Who is Eric Hein in relation to Spirit AeroSystems?

Eric Hein is the Vice President of Defense Advanced Development and Space Programs at Spirit AeroSystems.

What is the significance of the digital thread mentioned by Spirit AeroSystems?

The digital thread is essential for creating efficient manufacturing processes and ensuring seamless transitions from design to production.