Orizon Aersostructures Announces Intent to Purchase Spirit AeroSystems' Chanute Operations

CHANUTE, Kan., Sept. 27, 2016 /PRNewswire/ -- Newly formed Orizon Aerostructures has signed an agreement to purchase Spirit AeroSystems' Chanute operations, expanding on its June announcement to establish an aerospace manufacturing facility in Chanute, Kan. As part of the agreement, Spirit's Chanute statement of work will transition under the new company name Orizon Aerostructures – Chanute, Inc. Current Spirit employees in Chanute will transfer to Orizon as part of the divestiture. The transaction will take effect Sept. 30, 2016.

"On behalf of all of the associates of Orizon, we are grateful for the opportunity to purchase Spirit's Chanute facility and expand our investment in this region," said Charlie Newell, CEO for Orizon. "Making this transaction a 'win' for the City of Chanute was a priority for both Spirit and Orizon, and we are confident this transaction will create many new jobs. Further, that all of our customers will benefit from the work ethic and mechanical aptitude of the people of Southeastern Kansas."

"This agreement aligns with our fabrication strategy and will allow Spirit to better serve its customers through improved efficiencies while ensuring Spirit employees in Chanute transition to Orizon Aerostructures," said Ron Rabe, Spirit's senior vice president for operations. "The Spirit Chanute divestiture presents an opportunity for Orizon to grow its aerospace operations as part of Spirit's supply chain. We wish Orizon success in this venture and look forward to working with them along with the City of Chanute and the Kansas Department of Commerce to make this a smooth and successful transition."

About 35 Spirit employees are currently working at the Spirit Chanute site.

About Orizon Aerostructures

Orizon manufactures and supplies complex structural components and major sub-assemblies for leading airframe manufacturers in the commercial aerospace, military and defense, and general aviation industries. Orizon is headquartered in Kansas City, Mo., with facilities in Oklahoma, Kansas and Missouri. More information can be found at the company's website:  www.orizonaero.com

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SOURCE Orizon Aerostructures

Related Links

http://www.orizonaero.com