WICHITA,
Kan., March 1, 2024 /PRNewswire/ --
Spirit AeroSystems Holdings, Inc. [NYSE: SPR] today confirmed
that it is currently engaged in discussions with Boeing about a
possible acquisition of the Company by Boeing. No assurances can be
given that a definitive agreement will be entered into, that any
transaction will be consummated, or the timing, terms or conditions
of any such transaction.
The Spirit Board of Directors and management team are committed
to enhancing shareholder value and regularly review the Company's
opportunities to further this objective.
Spirit does not intend to comment further on market speculation
or disclose any developments unless and until it otherwise deems
further disclosure is appropriate or required.
On the web: www.spiritaero.com
On X: @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.
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," "engaged," "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,
risks and uncertainties related to the results of the discussions
with The Boeing Company; that there can be no assurance that a
definitive agreement will be entered into with The Boeing Company
or that any such transaction will be consummated; the timing, terms
or conditions of any such transaction with The Boeing Company; any
disruption to the Company's business resulting from such
discussions with The Boeing Company; the continued fragility of the
global aerospace supply chain; our ability to accurately estimate
and manage performance, cost, and revenue under our contracts; our
ability and our suppliers' ability or willingness to meet stringent
delivery requirements; the impact of significant health events
(including 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; demand for our
products and services; 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.
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SOURCE Spirit AeroSystems