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Friday, August 1, 2014

Spirit AeroSystems Reports Positive Earnings in Q2

[Avionics Today 08-01-2014] Spirit AeroSystems reports $1.8 billion total revenues for the second quarter of 2014, up 19 percent from the second quarter of 2013. Net income for the quarter was $143 million.

The Wichita, Kan.-based manufacturer claims its lofty revenues reflect a continued healthy demand for large commercial aircraft and strong mature program operating performance.
 
"Spirit continues to grow with the commercial aerospace upcycle and realize improved operational performance," said President and Chief Executive Officer Larry Lawson. "In the second quarter our team delivered the 5,000th Next Generation 737 fuselage. We continued to execute at all-time high production rates while improving our quality. Also this quarter, we made significant progress on the A350 program," Lawson continued.
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