15 August 2014

Spirit Aerosystems makes significant progress in the A350 with more than 1 shipset/month rate.

Spirit AeroSystems reported second quarter 2014 financial results including continued healthy demand for large commercial aircraft and strong mature program operating performance. Spirit’s second quarter 2014 revenues were $1.8 billion, up from $1.5 billion for the same period of 2013 on higher deliveries.

Photo by @Jaws300

Operating income was $216 million, up from a loss of ($239) million for the same period in 2013. Net income for the quarter was $143 million, or $1.01 per fully diluted share.

Although in the press release it is mentioned (sic) “expected Airbus deliveries in 2014 at a similar level to those in 2013” delivery rate has been increased and it has passed the 1/month rate with 5 deliveries in the 2Q/2014.

Photo by @Jaws300

“This quarter, we made significant progress on the A350 program,” said Larry Lawson, President and Chief Executive Officer.

Photo by @Jaws300

Doubts with the 1Q/2014 deliveries rate have been dispelled for the moment.

Based on the press release of Spirit Aerosystems 2Q/2014 Earnings Presentation.

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