Spirit AeroSystems reports Q4

Spirit AeroSystems has reported Q4 2021 revenue of US$1.1 billion, up 22% from the same period of 2020.

This was primarily due to higher production deliveries on the Boeing 737 and increased revenue from the recently acquired A220 and Bombardier programs, the company said.

Full year 2021 revenue was US$4.0 billion, an increase of 16% from 2020. Overall deliveries increased to 1,028 shipsets during 2021 compared to 920 shipsets in 2020.

The company’s Commercial business revenue in Q4 of 2021 increased 22% from the same period of the prior year to US$844.3 million, while its full year 2021 revenue  increased 15% from 2020 to US$3.1 billion.

Defense & Space received a Q4 2021 revenue increase of 11% to US$152.0 million, while revenue for the full year 2021 increased 19% from the same period of the prior year to US$585.0 million.

“We successfully managed the company through another challenging year due to the COVID-19 pandemic,” said Tom Gentile, Spirit AeroSystems president and CEO. “We also made substantial progress on our diversification efforts, as highlighted by the announcement of new reporting segments and a new organizational structure.”