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The Company is an independent original parts designer and manufacturer of aerostructures in the world.
Big Buys Best Bargains. Zacks. 1 of 9.
Aerospace beginning a long term replacement cycle. Boeing and it's suppliers will see a strong multiyear period of increasing sales of newer more fuel efficent aircraft.
Profile Spirit AeroSystems Holdings Inc3801 South Oliver StreetWichita, KS 67210United States - MapPhone: 316-526-9000Website: www.spiritaero.comDetails Index Membership: N/A Sector: Industrial Goods Industry: Aerospace/Defense Products & Services Full Time Employees: 13,918 Business Summary Spirit AeroSystems Holdings, Inc., through its subsidiaries, designs, engineers, and manufactures commercial aircraft structures worldwide. It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs), as well as offers related spares, and maintenance, repair, and overhaul (MRO) services. This segment also manufactures rotorcraft comprising forward cockpit and cabin for military aircrafts. The Propulsion Systems segment engages in the development, production, and marketing of struts/pylons; nacelles, including thrust reversers; and related engine structural components primarily to aircraft or engine OEMs, as well as provides related spares and MRO services. The Wing Systems segment provides wings and wing components comprising flight control surfaces and other miscellaneous structural parts primarily to aircraft OEMs, as well as offers related spares and MRO services. This segment also designs and manufactures structural components for military aircrafts, including low observables that are radar absorbent and translucent materials; radome new builds and refurbishment; and other military services comprising the fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training. The company, formerly known as Mid-Western Aircraft Systems Holdings, Inc., is headquartered in Wichita, Kansas.***All above information from YAHOO FINANCE***
ratings were high .
Global leader in new and increasingly common composite aerospace structures. Big clients include both Boeing and Airbus. When Boeing finally starts 787 production, this stock will go up
Just signed 10 year labor agreement; Boeing work will continue to increase, as well contracts for other airplane manufacturers
believe that with spirits international coverage along with boeing it should double in the next couple of years.
I agree that the airline / aviation industry is set to turn around and will leverage more fuel efficient technologies for future as well as existing GA and Commercial aviation products.
Low relative PE, good star ranking, PEG & 09 PE still below normal - bottom fishing 7/27 picks (late getting them in this week).
Spun off from Boeing. Makes fuselage, wings, and propulsion. With 787 nearing production, this is an indirect play on the 787.
As a former aerospace engineer I feel compelled to show some affection for this branch of industry and support them. I know the job market currently is in the dumps for automotive engineers but it's all guns blazing on the aero side just now! I expect an increase in the share price as it's been beaten below ½ it's 52 week high.
Based on HG pick.
I added this by mistake....
"Reflecting increased caution over commercial aero fundamentals driven by slowing GDP growth, consumer spending pressures and airline ticket price rises, we have materially reduced assumptions for air traffic growth. We now believe global air traffic growth could slip into negative territory in 2009 and reflecting this we have cut OE delivery forecasts, now expecting a delivery peak in 09 vs. our prior assumption of 2010. Reflecting this, our Airbus and Boeing (NYSE: BA) delivery forecasts have been cut 13% in 2010 driving a 11% cut to SPR's 2010 EPS."short fun -
Planes are aging Spirit builds the cores and is also diversified in its customer base covering the BA giant to Cessna on the BJ side
This stock along with the rest of the defense sector is heading higher. Say hello to investors and money managers looking to survive a recession this summer by jumping into defense. Learn to follow the crowd (mutual funds and such)--it consistantly weathers better than navigating against the grain.
Has contracts with Boeing for several years out.
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