Spirit AeroSystems Completes 787 Contract Amendment with Boeing

WICHITA, Kan., May 17, 2011 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) announced today it has signed the formal contract amendment with The Boeing Company regarding certain claims associated with the development and production of the 787-8 airplane. The amendment completes the previously announced memorandum of agreement.

"With this agreement we continue to reinforce our partnership with our largest customer as we work together for the long-term success of the 787 program," said Phil Anderson, Spirit Senior Vice President and Chief Financial Officer.

Spirit AeroSystems designs and builds the composite forward fuselage, engine pylons, and wing leading edge components for the 787 program.

On the web: http://www.spiritaero.com

About Spirit AeroSystems, Inc.

Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has locations in Tulsa and McAlester, Okla.; Kinston, N.C.; Prestwick, Scotland; Preston, England; Kuala Lumpur, Malaysia; and is developing a new manufacturing facility in Saint-Nazaire, France. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements concerning future business opportunities. Actual results may vary materially from those projected as a result of certain risks and uncertainties, including but not limited to future levels of business in the aerospace and commercial transport industries or in the number of aircraft to be built; the success and timely progression of our customers' new programs; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings.

SOURCE Spirit AeroSystems