WICHITA, Kan., April 16, 2012 /PRNewswire/ -- Spirit AeroSystems, Inc. (NYSE:SPR) announced today that its Wichita, Kan., facility sustained structural damage during severe weather on April 14, 2012. All personnel were safely accounted for, and the emergency management plan was immediately implemented. Initial assessments indicate that damage is primarily limited to infrastructure, including buildings and utilities, and that production equipment appears to be largely unaffected.
Operations are suspended at least through Tuesday, April 17, 2012, to ensure the safety of our people, complete our damage evaluation, and finalize plans for systematically bringing production online. The company expects near-term production disruptions, including delivery impacts as recovery plans are executed.
"We are thankful that none of our employees were injured in this event, and we continue to remain focused on safety as we assess damage and execute our recovery plans," said Jeff Turner, President and CEO. "We are also working closely with our customers to minimize the expected delivery impacts."
About Spirit AeroSystems, Inc.Spirit AeroSystems, with headquarters in Wichita, Kan., USA, is one of the world's largest non-OEM designers and manufacturers of aerostructures for commercial aircraft. In addition to its Wichita and Chanute facilities in Kansas, Spirit has locations in Tulsa and McAlester, Okla.; Kinston, N.C.; Prestwick, Scotland; Preston, England; Subang, Malaysia; and Saint-Nazaire, France. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus. This press release contains forward-looking statements concerning future business operations. Actual results or circumstances may vary materially from those indicated or implied in this press release as a result of certain risks and uncertainties, including the accuracy or completeness of our initial assessment of damages; the availability of insurance to cover losses as expected; and our efforts to restore operations at our Wichita, Kan. facility in a timely manner; as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings. SOURCE Spirit AeroSystems, Inc.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV