Spirit AeroSystems, Inc.
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Spirit AeroSystems, Inc.
Spirit AeroSystems Holdings, Inc. is an American Manufacturing, manufacturer of aerostructures for commercial airplanes, headquartered in Wichita, Kansas. The company produces fuselage sections for Boeing's Boeing 737, 737 and Boeing 787 Dreamliner, 787 aircraft, as well as the flight deck sections for a majority of Boeing airliners. Spirit also supplies Airbus with fuselage sections and front wing spars for the Airbus A350, A350 and wings for the Airbus A220, A220. Spirit's primary competitors in the aerostructures market include Collins Aerospace, Kawasaki Heavy Industries, Leonardo S.p.A., Leonardo, and Triumph Group. Spirit AeroSystems was established in 2005 when Boeing Corporate spin-off, spun-off its Wichita division to an investment firm. Boeing entered into an agreement to re-acquire Spirit in July 2024 for $4.7 billion. Concurrently with the planned closing of the Boeing acquisition, expected in the third quarter of 2025, Spirit will transfer specific assets involved i ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Kawasaki Heavy Industries
is a Japanese Public company, public multinational corporation manufacturer of motorcycles, engines, Heavy equipment (construction), heavy equipment, aerospace and Military, defense equipment, rolling stock and ships, headquartered in Minato, Tokyo, Minato, Tokyo, Japan. It is also active in the production of industrial robots, gas turbines, pumps, boilers and other industrial products. The company is named after its founder, Kawasaki Shōzō, Shōzō Kawasaki. KHI is known as one of the three major heavy industrial manufacturers of Japan, alongside Mitsubishi Heavy Industries and IHI Corporation, IHI. Prior to the World War II, Second World War, KHI was part of the Kobe Kawasaki ''zaibatsu'', which included JFE Holdings, Kawasaki Steel and K Line, Kawasaki Kisen. After the conflict, KHI became part of the DKB Group (''keiretsu''). History Kawasaki Shōzō, Shōzō Kawasaki, born in 1836, was involved with the marine industry from a young age. He was involved with two offshore ...
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McDonnell Douglas
McDonnell Douglas Corporation was a major American Aerospace manufacturer, aerospace manufacturing corporation and defense contractor, formed by the merger of McDonnell Aircraft and the Douglas Aircraft Company in 1967. Between then and its own merger with Boeing in 1997, it produced well-known commercial and military aircraft, such as the McDonnell Douglas DC-10, DC-10 and the McDonnell Douglas MD-80, MD-80 airliners, the McDonnell Douglas F-15 Eagle, F-15 Eagle air superiority fighter, and the McDonnell Douglas F/A-18 Hornet, F/A-18 Hornet multirole combat aircraft, multirole fighter. The corporation's headquarters were at St. Louis Lambert International Airport, near St. Louis, Missouri. History Background The company was formed from the firms of James Smith McDonnell and Donald Wills Douglas, Sr., Donald Wills Douglas in 1967. Both men were of Scottish ancestry, were graduates of the Massachusetts Institute of Technology, and had worked for the aircraft manufacturer Glenn ...
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Harry Stonecipher
Harry Curtis Stonecipher (born May 16, 1936) is an American business executive who was president and chief executive officer of American aerospace companies: Sundstrand, McDonnell Douglas, and The Boeing Company. Stonecipher was widely credited with the seeming resurgence of Boeing after government procurement scandals. However, his tenure also included major decisions to change Boeing's design and sourcing process for the new 787 airliner. These decisions later proved to be organizationally and financially disastrous for the company. Stonecipher was forced to resign from Boeing following the disclosure of an affair with a subordinate, in violation of the Boeing Code of Conduct. Early life and education Stonecipher was born in Robbins, Tennessee. In 1958, he graduated with a BS in physics at the Tennessee Polytechnic Institute. In May 2002, Stonecipher received an Honorary Doctorate Degree of Science from Washington University in St. Louis. Career Stonecipher beg ...
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Return On Net Assets
The return on net assets (RONA) is a measure of financial performance of a company which takes the use of assets into account. Higher RONA means that the company is using its assets and working capital efficiently and effectively. RONA is used by investors to determine how well management is utilizing assets. Basic formulae : where : In a manufacturing sector, this is also calculated as: : See also * Financial ratio References Financial ratios Investment indicators {{Finance-stub ...
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Associated Press
The Associated Press (AP) is an American not-for-profit organization, not-for-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association, and produces news reports that are distributed to its members, major U.S. daily newspapers and radio and television broadcasters. Since the award was established in 1917, the AP has earned 59 Pulitzer Prizes, including 36 for photography. The AP is also known for its widely used ''AP Stylebook'', its AP polls tracking National Collegiate Athletic Association, NCAA sports, sponsoring the National Football League's annual awards, and its election polls and results during Elections in the United States, US elections. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters. The AP operates 235 news bureaus in 94 countries, and publishes in English, Spanish, and Arabic. It also operates the AP Radio Network, which provides twice ...
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The Spokesman-Review
''The Spokesman-Review'' is a daily broadsheet newspaper based in Spokane, Washington, the city's sole remaining daily publication. It has the third-highest readership among daily newspapers in the state, with most of its readership base in eastern Washington and northern Idaho. History ''The Spokesman-Review'' was formed from the merger of the ''Spokane Falls Review'' (1883–1894) and the ''Spokesman'' (1890–1893) in 1893 and first published under the present name on June 29, 1894. The ''Spokane Falls Review'' was a joint venture between local businessman, A.M. Cannon and Henry Pittock and Harvey W. Scott of '' The Oregonian''. ''The Spokesman-Review'' later absorbed its competing sister publication, the afternoon '' Spokane Daily Chronicle''. Long co-owned, the two combined their sports departments in late 1981 and news staffs in early 1983. The middle name "Daily" was dropped in January 1982, and its final edition was printed on Friday, July 31, 1992. ...
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Onex Corporation
Onex Corporation is a Canadian investment management firm founded by Gerry Schwartz in 1984. In September 2024, it had $50 billion dollars under management. History Schwartz founded Onex in 1984 and took the company public in 1987. In June 2007, General Motors sold Allison Transmission to financial investors Carlyle Group and Onex Corporation. In 2010, Onex and the Canada Pension Plan acquired English engineering firm Tomkins, though Onex only held 14% of shares. At the end of 2017, Onex acquired SMG. The company was sold off in 2019 to merge with AEG Facilities to form ASM Global. In 2019, Onex acquired Gluskin Sheff, a Toronto-based wealth management firm. In May 2020, Onex blamed a first-quarter net loss of $1.1 billion US dollars on the COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak o ...
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McAlester, Oklahoma
McAlester is the county seat of Pittsburg County, Oklahoma. The population was 18,363 at the time of the 2010 census, a 3.4 percent increase from 17,783 at the 2000 census.Shuller, Thurman"McAlester" profile ''Encyclopedia of Oklahoma History and Culture''; accessed February 12, 2017. The town gets its name from James Jackson McAlester, an early settler and businessman who later became lieutenant governor of Oklahoma. Known as "J. J.", McAlester married Rebecca Burney, the daughter of a full-blood Chickasaw family, which made him a citizen of the Chickasaw Nation. McAlester is the home of the Oklahoma State Penitentiary, the former site of an "inside the walls" prison rodeo that ESPN's ''SportsCenter'' once broadcast. The prison's nickname, Big Mac, was derived from its location in the town. McAlester is home to many of the employees of the McAlester Army Ammunition Plant. This facility makes the majority of the bombs used by the United States military. In 1998 McAlester became t ...
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Tulsa, Oklahoma
Tulsa ( ) is the List of municipalities in Oklahoma, second-most-populous city in the U.S. state, state of Oklahoma, after Oklahoma City, and the List of United States cities by population, 48th-most-populous city in the United States. The population was 413,066 as of the 2020 United States census, 2020 census. It is the principal municipality of the Tulsa Metropolitan Area, Tulsa metropolitan area, a region with 1,034,123 residents. The city serves as the county seat of Tulsa County, Oklahoma, Tulsa County, the most densely populated county in Oklahoma, with Urban Development, urban development extending into Osage County, Oklahoma, Osage, Rogers County, Oklahoma, Rogers and Wagoner County, Oklahoma, Wagoner counties. Tulsa was settled between 1828 and 1836 by the Lochapoka band of Creek people, Creek Native Americans, and was formally incorporated in 1898. Most of Tulsa is still part of the territory of the Muscogee (Creek) Nation. Northwest Tulsa lies in the Osage Nation wh ...
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Boeing Wichita
Spirit AeroSystems Holdings, Inc. is an American manufacturer of aerostructures for commercial airplanes, headquartered in Wichita, Kansas. The company produces fuselage sections for Boeing's 737 and 787 aircraft, as well as the flight deck sections for a majority of Boeing airliners. Spirit also supplies Airbus with fuselage sections and front wing spars for the A350 and wings for the A220. Spirit's primary competitors in the aerostructures market include Collins Aerospace, Kawasaki Heavy Industries, Leonardo, and Triumph Group. Spirit AeroSystems was established in 2005 when Boeing spun-off its Wichita division to an investment firm. Boeing entered into an agreement to re-acquire Spirit in July 2024 for $4.7 billion. Concurrently with the planned closing of the Boeing acquisition, expected in the third quarter of 2025, Spirit will transfer specific assets involved in Airbus production directly to Airbus under a definitive agreement announced in April 2025. Both transactions ...
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