Category Archives: Spirit AeroSystems

Boeing’s P-8A Poseidon to enter full production with $2.4 billion contract for 16 planes

The Navy has ordered its first production lot of P-8A Poseidon aircraft from Boeing in a $2.4 billion contract, Boeing said Tuesday.

The order for 18 additional aircraft means the program will enter full production.

The order takes the total fleet to 53 and marks the transition from preliminary to low-rate production of the P-8A, which will bolster maritime patrol capabilities, the company said.

Spirit AeroSystems in Wichita builds the fuselgae for the P-8A, which is based on a 737-800 commercial aircraft.

So far, Boeing has delivered 13 P-8As to the Navy, which deployed its first patrol squadron to Kadena, Japan, in December.

“This milestone is a testament to the incredible effort and dedication of the team to deliver the P-8A to the fleet as planned,” Navy P-8A program manager Capt. Scott Dillon said in a statement. “The future of the Maritime Patrol and Reconnaissance community has begun to make history with the P-8As already delivered to the fleet. These full-rate production aircraft will give us the opportunity to deliver the best system through a cost-effective procurement contract.”

The P-8A will enhance the service’s anti-submarine, anti-surface warfare and intelligence, surveillance and reconnaissance capabilities, Boeing said.

The Navy plans to buy a total of 117 P-8As to replace its P-3 fleet.

Boeing’s P-8 team includes CFM International, Northrop Grumman, Raytheon, Spirit AeroSystems, BAE Systems and GE Aviation.

Sikorsky CH-53K helicopter program hits major milestone

 

Courtesy image

Courtesy image

Sikorsky Aircraft’s CH-53K heavy lift helicopter program has hit a major milestone in its development.

Sikorsky has powered on the engines and spun the rotor head on the first prototype, the company said Tuesday.

Spirit AeroSystems builds the fuselage for the CH-53K in Wichita.

The helicopter is being developed for the Marine Corps.

The helicopter, called the Ground Test Vehicle, will undergo ground testing for about two years with Sikorsky and Marine test pilots at the controls.

It has been anchored to the ground at a remote outdoor test site in West Palm Beach, Fla., and outfitted with sensors to measure and verify the ability to operate safely under its own power, Sikorsky said.

Four more test aircraft are being prepared for flight tests, commencing in late 2014.

The first CH-53K is expected to be in operation in 2019.

Plans are for 200 aircraft, but production quantities will be based each year on funding allocations set by Congress and the Department of Defense funding priorities.

The Marine Corps plans to have eight active duty squadrons, one training squadron and one reserve squadron to support operational requirements, it said.

Spirit AeroSystems CEO receives pay, incentive raise

Spirit AeroSystems’ board of directors has increased the compensation of Larry Lawson, the company’s CEO and president.

The board raised Lawson’s annual base salary from $1 million to $1.05 million.

In addition, Lawson will be entitled to receive an award under Spirit’s Long Term Incentive Plan for 2014 and 2015 with a value equal to 435 percent of his annual base salary.

That’s an increase from 400 percent.

The change was listed in a filing with the Securities and Exchange Commission on Monday.

On Thursday, Spirit, Wichita’s largest private employer, recorded a net loss of $587 million in the fourth quarter of 2013, in part because of additional charges on the Boeing 787 Dreamliner program.

That compares to a profit of $61 million for the same time a year ago.

Spirit took a total of $546 million in pretax charges during the fourth quarter on a variety of programs.

For the year, Spirit recorded a loss of $621 million, compared to a profit of $35 million in 2012. Revenue for 2013 increased 10 percent to $6 billion.

For 2014, Spirit is forecasting revenue of $6.5 billion to $6.7 billion, based on Boeing’s 2014 delivery guidance of 715 to 725 commercial airplanes. Airbus is expected to deliver similar levels.

Study: Spirit AeroSystems ranks fifth in “Most Responsive Employer” ranking

Spirit AeroSystem ranks fifth in a list of the Top 25 Most Responsive Employers in America for 2013, according to the ranking by StartWire.

The list ranks employers who “systematically and proactively provide feedback to job seekers on their job applications,” according to a release.

AT&T heads the list, followed by Pepsi Beverage Co., Rochester General Health System, Boehringer Ingelheim and Spirit.

The biggest complaint of job seekers is the “application black-hole,” StartWire founder and CEO Chris Forman said in a statement.

The ranking is meant to highlight employers who have heard the complaint and are working to improve the experience of job candidates, he said.

Researchers at StartWire analyzed the automated job application status updates of more than 8,000 companies.

StartWire is a job search organizer.

 

Third Airbus A350 XWB flight test aircraft rolls out of hangar

airbus a350 test planeThe third Airbus A350 XWB flight test airplane rolled out from an Airbus paint shop in Toulousse, France, with a distinctive paint job.

The plane features what Airbus calls a “Carbon” design to reflect the A350′s primary construction from advanced carbon materials.

It’s also the first of two flight test aircraft to be equipped with a full passenger cabin interior.

The plane will join Airbus’ test fleet in the coming weeks.

Spirit AeroSystems builds parts of the A350.

Courtesy photo

airbus a350 test plane two

Spirit AeroSystems appoints former Lockheed Martin president to its board

Spirit AeroSystems has appointed a former Lockheed Martin executive to its board of directors effective Nov. 25, the company said Tuesday.

Christopher Kubasik, 52, served in various senior leadership roles at Lockheed Martin, including holding positions of president and chief operating officer from 2010 to 2012.

Spirit AeroSystems president Larry Lawson also came from Lockheed Martin, where he held executive leadership positions.

Kubasik also served in key leadership roles at Electronic Systems and at Ernst & Young.

Since January, Kubasik has “provided strategic guidance, operational expertise and financial insights including the assessment of merger and acquisition opportunities through Ackuity Advisors,” Spirit said.

“Chris brings a wealth of financial expertise and industry leadership background, and we are very pleased to welcome him to the board,” Bob Johnson, chairman of Spirit’s board of directors, said in a statement. “We are excited to have Chris join the full board, as well as serve on the audit and government and security committees.”

Kubasik holds a bachelor’s degree in accounting from the University of Maryland and attended the executive program at Northwestern University’s Kellogg School of Business. He also studied Systems Acquisition Management at Defense Acquisition University, Fort Belvoir, and earned an executive engineering certificate at Carnegie Mellon University.

 

Boeing 787 assemblies, tooling in Wichita to be sent to South Carolina

dreamlinerSome fuselage assemblies and tooling for Boeing’s 787 are at Boeing Wichita temporarily as “different elements of the production system begin to phase in the new 10/month rate,” Boeing spokeswoman Mary Kelly said in an e-mail.

“It’s space that is available to use, and we’re taking advantage of it,” Kelly said.

Work won’t be done in Wichita, however.

Instead, “it is merely sitting there waiting for a ride to South Carolina,” she said.

Boeing’s site in North Charles, S.C., fabricates, assembles and installs systems for Boeing 787 Dreamliner rear fuselage sections and joins and integrates midbody fuselage sections.

It’s also one of two final assembly and delivery points for the 787.

Spirit AeroSystems in Wichita builds the 787′s nose section and equips it with the needed systems and equipment for flight. It also builds the plane’s pylons.

Boeing is raising 787 production to 10 per month. Last month it announced plans to boost production to 12 per month in 2016.

 

Spirit AeroSystems to host job fair on Saturday

Spirit AeroSystem plans to host a job fair Saturday as it works to hire hundreds of mechanics, quality inspectors and machine operators this year.

It needs to hire additional workers  to meet increased production rates on Boeing airplanes.

The job fair will be held Saturday, Oct. 12 from 10 a.m. to 2 p.m. at Spirit’s human resource service center at 3420 S. Oliver.

 

 

 

 

 

SPEEA petitions for Trade Act assistance for laid-off Spirit AeroSystems workers

Spirit AeroSystems engineering and professional and technical union has filed a petition with the U.S. Department of Labor seeking training, income support and other benefits for laid-off workers through the federal Trade Act.

The filing was made by the Society of Professional Engineering Employees in Aerospace as Spirit announced a second round of layoffs in two months.

Trade Act funding is designed to help laid-off workers impacted by increased imports or companies moving work to other countries.

If approved, the laid-off employees at Spirit can apply for additional assistance, such as long-term training tuition allowance, income support, health care tax credit and job search and relocation allowances, SPEEA said.

Spirit announced Thursday that it will be offering voluntary retirements, voluntary layoffs and will also have involuntary layoffs as it works to reduce costs. A number has not been determined, the company said.

The cuts will affect salaried employees and managers.

In July, Spirit laid off 360 employees in Wichita and Tulsa. The company employs about 10,750 in Wichita.

 

 

 

Spirit AeroSystems new CFO’s employment agreement includes $525,000 salary, incentives and bonuses

Spirit AeroSystems new senior vice president and chief financial officer, Sanjay Kapoor, will earn an annual salary of $525,000, two cash sign-on bonuses totaling $250,000 and two $1 million buyout signing bonus stock awards, according to a filing Monday with the Securities and Exchange Commission.

The company announced last week that Kapoor, 53, a former vice president for Raytheon Integrated Defense Systems, will join the company as senior vice president and chief financial officer. The current CFO, Phil Anderson, will switch positions and lead the company’s defense and contracts.

Kapoor’s job becomes effective September 23.

As vice president of Raytheon’s Integrated Defense Systems division, Kapoor led a team of 4,000 employees and managed “every aspect of that business,” the filing said.

Prior to that position, he was vice president of finance and chief financial officer for the Raytheon division.

Kapoor received a bachelor of technology degree from the Indian Institute of Technology in New Delhi and earned dual master of business administration degree in finance and entrepreneurial management from The Wharton School at the University of Pennsylvania.

His annual salary may be adjusted from time to time based on Kapoor’s and the company’s performance, the filing said.

One of the two restricted stock awards valued at $1 million per award will be subject to a three-year vesting schedule with one-third of the award vesting after each year of service. The other award has a four-year vesting schedule with one-fourth of the award vesting after each year of service.

He also will be eligible for a cash or equity discretionary bonus with a target of 10 percent of his annual salary.

Kapoor’s employment agreement provides short-term and long-term incentives. He will receive an award equal to 100 percent of his base salary if target performance goals are reached and up to 200 percent of his salary if outstanding performance goals are reached. The amount will be depend on Spirit’s achievement of performance objectives, the filing said. Under the plan they could be less, more or equal to the target bonus and “could be zero.”

Kapoor’s employment may be terminated at any time by Spirit or Kapoor “for any reason or no reason, without cause,” the filing said. It may also be terminated by Spirit “for cause.”