Spirit AeroSystems Applauds Leaders for Protecting Aviation Industry Jobs
February 24 2022 - 6:00PM
Business Wire
Spirit AeroSystems, Inc. (“Spirit” or “Spirit AeroSystems”), a
wholly owned subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE:
SPR), today applauded congressional and aerospace industry leaders
for protecting critical U.S. aviation manufacturing jobs.
Nearly 31,000 aviation jobs are being protected through the
Aviation Manufacturing Jobs Protection (AMJP) program following
multiple rounds of funding that provided $673 million to 593
aviation supply chain businesses.
The bipartisan AMJP was championed by Sen. Jerry Moran (R-Kan.),
Sen. Maria Cantwell (D-Wash.), Rep. Ron Estes (R-Kan.) and Rep.
Rick Larsen (D-Wash.), helping the aviation industry emerge from
the downturn in air travel caused by the COVID-19 pandemic.
“We applaud the leadership of Sen. Moran, Sen. Cantwell, Rep.
Estes and Rep. Larsen for spearheading the AMJP program that has
protected aviation jobs,” said Tom Gentile, president and CEO of
Spirit AeroSystems. “After we witnessed a 96% drop in global air
travel, this critical bipartisan, bicameral program helped bridge
the gap for hundreds of aviation manufacturers and their
employees.”
Gentile said the initial ideas around creating the AMJP program
and ultimately the successful enactment of the bill likely would
not have happened without the leadership of the Aerospace
Industries Association and Eric Fanning, AIA president and CEO.
The AMJP also benefitted from the support of International
Association of Machinists President Robert Martinez Jr., who saw
how the bill could benefit aviation workers around the country.
“The AMJP protected thousands of jobs throughout the aviation
supply chain and protected and strengthened our nation’s industrial
base,” Gentile said. “We are fortunate to have congressional
leaders, aviation industry champions and labor leaders who
understand the value of retaining highly skilled aviation
employees.”
The six-month federal program is a public-private partnership
helping preserve aviation industry jobs by providing up to 50%
compensation for certain eligible employees, with employer
requirements such as guaranteeing wages and no reduction in
hours.
On the web: www.spiritaero.com
On Twitter: @SpiritAero
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 the most 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 impact of 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; our ability to
accurately estimate and manage performance, cost, and revenue under
our contracts; demand for our products and services and 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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version on businesswire.com: https://www.businesswire.com/news/home/20220224006082/en/
Media: Forrest Gossett 316-803-2975
forrest.gossett@spiritaero.com
Investor Relations: Aaron Hunt (316) 523-7040
investorrelations@spiritaero.com
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