Spirit AeroSystems, one of the world's largest aerostructures manufacturers, has reported total full year revenues of US$6.6 billion, down 2% year on year. Q4 2015 consolidated results reported total revenues of US$1.6 billion, up 2% from revenues of US$1.57 billion for the same period of 2014.
Operating income for the full-year was US$863 million compared to operating income of US$354 million for the prior year. Full-year net income was US$789 million, or$5.66 per share, compared to net income of US$359 million, or US$2.53 per share in 2014.
‘Operationally, we had a very good year,’ said president and CEO Larry Lawson. ‘We met our quality and delivery commitments to our customers. Both Boeing and Airbus achieved a record number of aircraft deliveries in 2015 reflecting continued strong demand for these best-selling airplanes. We delivered the first 737 MAX fuselage and components to Boeing on schedule, and the first A350-1000 fixed leading edge and fuselage to Airbus on schedule. Our customers achieved key milestones last year with the certification of the A320 NEO and the delivery of fourteen A350s by Airbus, and the completion of final assembly of the first 737 MAX and the first flight of the KC-46 refueling tanker by Boeing,’ he added.
‘Looking ahead to 2016, we intend to build upon the success that we've achieved over the last two years through a comprehensive treatment of all cost from logistics to the supply chain,’ Lawson concluded.
This story uses material from Spirit AeroSystems, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.