Spirit AeroSystems Posts $789m 2015 Net Profit

US-based component OEM and MRO Spirit AeroSystems has recorded a full-year net profit of $789m for 2015, more than doubling the previous year’s $359m.

US-based component OEM and MRO Spirit AeroSystems has recorded a full-year net profit of $789m for 2015, more than doubling the previous year’s $359m.

In results released on Wednesday (February 3), the Wichita-based firm said revenues fell by two per cent year-on-year to $6.6bn despite its profit increase, citing lower income from Boeing’s 787 programme as a factor.

For 2016, Spirit AeroSystems has predicted revenues to be around the $6.6bn to $6.7bn mark.

The firm's CEO Larry Lawson said: “We intend to build upon the success that we’ve achieved over the last two years through a comprehensive treatment of all cost from logistics to the supply chain.”

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