WICHITA,
Kan., Aug. 23, 2023 /PRNewswire/ -- We are
aware of a quality issue involving elongated fastener
holes on the aft pressure bulkhead on certain models of the 737
fuselage produced by Spirit AeroSystems. Because Spirit uses
multiple suppliers for the aft pressure bulkhead, only some units
are affected. Spirit will continue to deliver units to
Boeing.
Spirit has implemented changes to its manufacturing
process to address this issue. We are working closely with our
customer to address any impacted units within the production system
and address any needed rework. Based upon what we know now, we
believe there will not be a material impact to our delivery range
for the year related to this issue.
Boeing has determined that there is no immediate safety of
flight concern associated with this issue for the 737 fleet and
that the in-service fleet may continue to operate.
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 an
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.
Cautionary Statement Regarding 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," "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, 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