Spirit AeroSystems Designing and Manufacturing Wing for New Gulfstream Business Jet

WICHITA, Kan., March 13 /PRNewswire-FirstCall/ -- Spirit AeroSystems, Inc. (NYSE: SPR) announced Gulfstream Aerospace Corporation, a General Dynamics (NYSE: GD) company, as the customer for one of its previously awarded business jet contracts. Spirit's contract to design, produce, and integrate a flight-ready wing for the Gulfstream G650 Business Jet is worth in excess of $1 billion.

"We have more than 45 years of experience designing and building wing structures for commercial and military aircraft," said Don Carlisle, Vice President General Manager of Spirit's Tulsa Division. "We are excited to bring our expertise to the Gulfstream team to produce this premier business jet."

"Gulfstream has such an outstanding reputation in the business jet community," said Spirit President & CEO Jeff Turner. "It is a great opportunity for us to gain such a customer, and the fact that it is Gulfstream's largest and most advanced aircraft makes it even more important for us."

The G650 offers the longest range, fastest speed, largest cabin and the most advanced cockpit in the Gulfstream fleet. It is capable of traveling 7,000 nautical miles at 0.85 Mach or 5,000 nautical miles at 0.90 Mach. Using an advanced aerodynamic design, the G650 has a maximum operating speed of 0.925 Mach, which will make it the fastest civil aircraft flying. It can climb to a maximum altitude of 51,000 feet.

Spirit won the contract through a global competitive bid process. The company will utilize its internal capability and global supply base to design and manufacture components for the aircraft. Final assembly, testing and delivery will be done at its Tulsa, Okla., facility.

About Spirit AeroSystems Inc

Based in Wichita, Kan., Spirit AeroSystems is the world's largest independent supplier of large component parts and assemblies for commercial aircraft. The company does work in military and general aviation, as well as aftermarket customer support. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England.

This press release contains forward-looking statements concerning future business opportunities. Actual results may vary materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement practices or in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings.

On the web: http://www.spiritaero.com

Web site: http://www.spiritaero.com/


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