Spirit, Skyworks Aeronautics Sign Agreement to Pursue Development of Defence and Commercial Platforms
March 28 2023 - 6:00AM
Business Wire
Spirit AeroSystems, Inc. and Skyworks Aeronautics announced
today a Memorandum of Understanding for the companies to pursue
support for Skyworks defence and commercial platforms in the U.K
and European marketplace.
Spirit’s Northern Ireland and Scotland operations will work
collaboratively on detailed design activity to support Skyworks
VertiJet - a vertical take-off and landing (VTOL), high-speed and
long-range gyrodyne. This platform is capable of flying at
projected speeds of up to 400 mph (644 km/h) – two to three times
faster than current operating helicopters.
Sir Michael Ryan, Spirit Vice President for European Space and
Defence, said the agreement with Skyworks continues Spirit’s
commitment to grow its U.K. business.
“We will be applying our engineering and technology leadership
in advanced materials and ultra-light structures to explore the
design, testing and integration of lightweight and aerodynamically
efficient technologies in support of Skyworks’ aircraft platforms,
such as its VertiJet VTOL program for military and commercial use,”
he said.
Skyworks Aeronautics is a world leader in the science and
technology of gyronautics, focusing on the design and development
of high-performance gyroplanes, using highly advanced technology
and modern aerospace science, engineering, and design methods.
Skyworks Aeronautics has been developing manned and unmanned
vertical lift gyroplane technologies for more than two decades.
“Spirit AeroSystems is a prominent leader in the aerospace
industry with world-class design and manufacturing capabilities,”
said John E. Michel, Skyworks Aeronautics Co-Founder and Chief
Executive Officer. “We cannot think of a better industry partner to
help make the promise and potential of the VertiJet and other
Skyworks-related platforms a tangible reality.”
Spirit AeroSystems, Inc. ("Spirit"), a subsidiary of Spirit
AeroSystems Holdings, Inc. [NYSE: SPR] (“Spirit AeroSystems”).
On the web: www.spiritaero.com On Twitter: @SpiritAero
On the web: www.skyworks-aero.com On Twitter: @SkyworksAero On
LinkedIn: /in/company/skyworksaero/ On Facebook: @SkyworksAero
About Spirit AeroSystems Inc.
Spirit AeroSystems is one of the world's largest manufacturers
of aerostructures for commercial airplanes, defense platforms, and
business/regional jets. With expertise in aluminum and advanced
composite manufacturing solutions, the company's core products
include fuselages, integrated wings and wing components, pylons,
and nacelles. We are leveraging decades of design and manufacturing
expertise to be the most innovative and reliable supplier of
military aerostructures, and specialty high-temperature materials,
enabling warfighters to execute complex, critical missions. Spirit
also serves the aftermarket for commercial and business/regional
jets. Headquartered in Wichita, Kansas, Spirit has facilities in
the U.S., U.K., France, Malaysia and Morocco. More information is
available at www.spiritaero.com.
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the context requires otherwise. These statements reflect
management's current views with respect to future events and are
subject to risks and uncertainties, both known and unknown. Our
actual results may vary materially from those anticipated in
forward-looking statements. We caution investors not to place undue
reliance on any forward-looking statements. Important factors that
could cause actual results to differ materially from those
reflected in such forward-looking statements and that should be
considered in evaluating our outlook include, without limitation,
the impact of the COVID-19 pandemic on our business and operations;
the timing and conditions surrounding the full worldwide return to
service (including receiving the remaining regulatory approvals) of
the B737 MAX, future demand for the aircraft, and any residual
impacts of the B737 MAX grounding on production rates for the
aircraft; our reliance 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, cost, and revenue under
our contracts; demand for our products and services and the effect
of economic or geopolitical conditions in the industries and
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to manage our liquidity, borrow additional funds or refinance debt;
and other factors disclosed in our filings with the Securities and
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version on businesswire.com: https://www.businesswire.com/news/home/20230328005538/en/
Media: Forrest Gossett (316) 523-5197
forrest.s.gossett@spiritaero.com
Investor Relations: Ryan Avey (316) 523-7040
investorrelations@spiritaero.com
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