Spirit AeroSystems Joins Lockheed Martin Skunk Works® to Unveil Digital Engineering Transformation | Company

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WICHITA, Kan. – (BUSINESS WIRE) – Aug 11, 2021–

Spirit AeroSystems, Inc. (“Spirit” or “Spirit AeroSystems”), a wholly owned subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE: SPR), has partnered with Lockheed Martin (NYSE: LMT) Skunk Works ® to unveil Polaris, an advanced assembly and digital engineering demonstrator that has been used to validate improvements in product development, from initial design to final assembly, at an event on August 10 in Palmdale, Ontario California.

“Spirit AeroSystems is proud to have been selected by Lockheed Martin to demonstrate the integration of a Tier 1 supplier into its Integrated Digital Environment (IDE), and then to use this environment to validate advanced production processes on a platform. -Demonstration form, ”said Duane Hawkins, senior vice president; President, Defense and Space Division. “IDE and its advanced production processes, including Full Size Hole Determination Assembly (FSDA), will form the basis for the execution of future defense programs and will revolutionize the speed at which new products can be released. on the market. “

The Spirit Defense and Space division has integrated best business practices around digital design and manufacturing seamlessly into the Lockheed Martin IDE, enabling the collaborative development of production-ready solutions that build on the strengths of the teams. Spirit AeroSystems and Lockheed Martin.

“This reduced project costs and time by enabling parallel engineering development and operations planning, which facilitates the team’s ability to clearly communicate and ensure consistency of requirements, and to identify integration challenges before parts and tools are released for manufacturing, ”said Hawkins.

This integration allows design and production optimization to occur simultaneously rather than as discrete sequential events, allowing production programs to move up the learning curve before the first unit is built. Through the collaboration between Lockheed Martin and Spirit AeroSystems, advanced production processes have been designed, planned, simulated, executed and validated, resulting in a 70% reduction in assembly hours required and a 95% increase in initial quality .

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 aircraft, defense platforms and business / regional jets. With expertise in advanced aluminum and composite manufacturing solutions, the company’s core products include fuselages, integrated wings and wing components, pylons and nacelles. We draw on decades of design and manufacturing expertise to be the most innovative and reliable supplier of military aerostructures and specialized high temperature materials, enabling combatants to perform complex and critical missions. Spirit also serves the aftermarket commercial and business / regional jets. Based in Wichita, Kansas, Spirit has facilities in the US, UK, France, Malaysia and Morocco. More information is available at www.spiritaero.com.

Caution Regarding Forward-Looking Statements

This press release contains “forward-looking statements” which may involve numerous risks and uncertainties. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “aim”, “anticipate”, “believe”, “could”, “pursue”, “estimate”, “expect”, “objective”. “,” Foresee “,” intend “,” may “,” could “,” objective “,” prospect “,” plan “,” predict “,” project “,” should “,” target “,” sera “,” would be, “and other similar words or phrases, or their negative, unless the context requires otherwise. These statements reflect the current views of management with respect to future events and are subject to risks and uncertainties, known and unknown. Our actual results may differ materially from those anticipated in forward-looking statements. We caution investors not to place undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in these forward-looking statements and which should be taken into account in assessing our outlook include, but are not limited to, the impact of the pandemic of COVID-19 on our business and operations; the timing and conditions surrounding the full worldwide return to service (including receipt of remaining regulatory approvals) of the B737 MAX, future demand for the aircraft and any residual impact of the downtime of the B737 MAX on rates aircraft production; our dependence 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, costs and revenues 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 United States and around the world; 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 the 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 arise or changes to the aforementioned factors may arise, which could affect our business. Except to the extent required by law, we assume no obligation and expressly disclaim any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210811005542/en/

CONTACT: Forrest Gossett

(316) 803-2975

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA KANSAS

INDUSTRY KEYWORD: AEROSPACE MANUFACTURING DEFENSE ENGINEERING CONTRACTS

SOURCE: Spirit AeroSystems, Inc.

Copyright Business Wire 2021.

PUB: 08/11/2021 10 a.m. / DISC: 08/11/2021 10:02 a.m.

http://www.businesswire.com/news/home/20210811005542/en


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