Sep. 2, 2009 (GlobeNewswire) --
DALLAS, Sept. 2, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com.com announces an investment report featuring for Spirit AeroSystems Holdings Inc. (NYSE:SPR). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Spirit AeroSystems Holdings Inc. (NYSE:SPR) should be of particular interest to other aerospace companies: Lockheed Martin Corp. (NYSE:LMT), Kaman Corp. (Nasdaq:KAMN), Northrop Grumman Corp. (NYSE:NOC), General Dynamics Corp. (NYSE:GD) and AAR Corp. (NYSE:AIR).
It is available at: http://www.investorsoup.com/lp/SPR
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Sprit AeroSystems Holdings Inc. (NYSE:SPR), through its subsidiaries, designs, manufactures and engineers commercial airplane assemblies and components. SPR offers products and services in the areas of: fuselages, under-wing components, composites, wings, and spares and repairs. The Company earns revenues primarily through long-term supply agreements with original equipment manufacturers (OEMs) Boeing (NYSE:BA) and Airbus (Paris:EAD).
In the report, the analyst notes:
"At the Company's June 3, 2009, Investor Day, Company CEO Jeff Turner reported that SPR was responding to current industry conditions proactively by instituting a hiring freeze and salary freezes for executives, management and some non-management employees. The Company also expects that its large backlog (approximately $28.2 billion as of July 2, 2009) will partially offset lower orders for 2009. SPR also reported that it is attempting to diversify and reduce its dependence on Boeing (NYSE:BA) by pursuing new programs including regional, business and military aircraft.
"On August 27, 2009, Boeing announced that its 787 aircraft would make its first flight by the end of 2009, with initial delivery expected in the fourth quarter of 2010. ... SPR manufactures the aircraft's fuselage and will be able to assess the full impact of the announcement once it receives a full schedule from BA in September. Once the aircraft is in the production stage, Boeing has said that it wants SPR to have a production rate of 10 airplanes/month for the 787."
To read the entire report visit: http://www.investorsoup.com/lp/SPR
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