Spirit AeroSystems sees profits soar

Operating profit at aerostructures manufacturer and MRO provider Spirit AeroSystems leapt 21 per cent in Q1 2015.

Operating profit at aerostructures manufacturer and MRO provider Spirit AeroSystems leapt 21 per cent in Q1 2015.

The group, which supplies structures to Boeing, Airbus, Bombardier, Rolls-Royce and Mitsubishi, confirmed that operating income hit $235m in the first three months of 2015, up from $194m in 2014.

Revenues were also up, but by just one per cent year on year to $1.7bn and the company’s backlog reached $46bn driven by “strong commercial aerospace demand”.

In publishing the results, Spirit’s CEO Larry Lawson confirmed that the company was working to meet increased demand as production rates on the 737, 787, A320 and A350 ramp up.

“In addition to investments to support rate, we are investing in automation projects of over $100m,” he said.

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