Spirit AeroSystems

Nadya Faulx / KMUW

Spirit AeroSystems celebrated a milestone on Friday: 10,000 deliveries in the Boeing 737 program, which the company says is a production first for a commercial airline.

Spirit AeroSystems reported strong growth in 2017 and expects similar results in 2018, according to an earnings report released Friday.

The city’s largest employer said revenue was up about 3 percent in 2017, to $7 billion. Revenue in 2018 is forecast to grow slightly.

Operating income dropped about 20 percent in 2017 to $569 million, due mostly to a new contract with Boeing, its biggest customer, the company said. But Spirit is forecasting income growth in 2018.

OSHA has cited Spirit AeroSystems for exposing workers to high levels of a cancer-causing agent, a claim the company disputes.

The Occupational Safety and Health Administration said in a news release Wednesday that some Spirit employees were exposed to hexavalent chromium at nearly twice the permissible limit. OSHA cited the company for one willful and five serious violations it observed in August. The agency is proposing penalties of nearly $200,000.

Paul Thompson / flickr Creative Commons

Boeing Co. is forecasting better-than-expected earnings and revenue in 2018.

Along with rival Airbus, Boeing is benefiting from demand for new airliners that has created huge backlogs lasting several years. Aircraft deliveries are generating immediate cash faster than Wall Street expected.

Spirit AeroSystems, Wichita's largest employer, is a major supplier to Boeing and also does work for Airbus. Spirit will release its fourth-quarter and 2017 financial report on Friday.

Paul Thompson / flickr Creative Commons

Boeing said Monday that the Federal Aviation Administration has cleared its 787-10 Dreamliner for commercial service.

That’s good news for Wichita’s Spirit AeroSystems, a major supplier to the Dreamliner program.

The 787-10 is the latest version of the Dreamliner. It can seat 330 passengers and has a range of more than 7,000 miles, according to a news release from Boeing. Other international aviation regulatory agencies are expected to follow the FAA's ruling and certify the airliner, the release said.

Courtesy Global Aviation Technologies

Part of Gov. Sam Brownback’s budget proposal, released Wednesday, is additional funding for aviation training and research.

Spirit Plans To Add 1,000 New Jobs In Wichita

Dec 6, 2017
Stephan Bisaha / KMUW

Spirit AeroSystems announced a plan Wednesday to add 1,000 new jobs and invest $1 billion in its Wichita facility over the next five years.

Spirit AeroSystems

Construction is now complete on a two-mile pipeline that will bring recycled water from the City of Wichita to Spirit AeroSystem’s manufacturing plant.

The city will sell its treated wastewater to Spirit for use in its manufacturing process. The water conservation partnership was announced last year.

Shareholders failed to show that Spirit AeroSystems and four of its executives lied about three manufacturing contracts that resulted in $434.6 million in losses, a federal appeals court panel ruled Tuesday.

Upholding a lower court decision, the 10th U.S. Circuit Court of Appeals ruled Tuesday that the investors behind a class-action lawsuit failed to show the aircraft parts maker or its executives made any material misrepresentations or omissions.

Updated Tuesday, May 3: Wichita City Council members unanimously approved $280 million in industrial revenue bonds for Spirit AeroSystems. The company says it will fund expansion and modernization projects.

Original story:

Tomorrow morning, Spirit AeroSystems will ask the Wichita City Council to approve up to $280 million in industrial revenue bonds.