WICHITA, Kan., November 18, 2021-- Spirit AeroSystems, Inc. ("Spirit" or "Spirit AeroSystems"), a wholly owned subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE: SPR), has won the 2021 SME Excellence in Composites Manufacturing Award (Large Company) for its advanced composite wing spoiler program for the Airbus A320 aircraft family. The spoilers are produced using Spirit's pioneering Resin Transfer Molding (RTM) technology at its Prestwick, UK facility.

Spirit leveraged its unmatched design-for-manufacturing expertise to redesign the A320 spoiler to a fully integrated, out-of-autoclave, single-shot RTM solution. The new spoiler production system delivers significantly improved manufacturing and cost efficiencies, including reduced energy consumption and material waste, compared to the previous hand laid-up, honeycomb core stiffened, and autoclave cured process. The elimination of multiple autoclave cure cycles means that production requires fewer tools and a shorter flow time, contributing to a more sustainable process.

By redesigning the product and production system in parallel, Spirit was able to evaluate alternate design architectures, material and process selections, tooling approaches, assembly solutions, and equipment configurations. The end result is a highly automated system, which is optimized across quality, rate, and cost.

"We are delighted to be recognized by SME for our excellence in composites manufacturing," said Kevin Matthies, Senior Vice President, Chief Technology & Quality Officer, Spirit AeroSystems. "Spirit is continually seeking opportunities to provide superior quality products at competitive costs to our customers, while driving sustainability through our manufacturing processes. Key to the success of this particular challenge was the integration of the new product design, the new technology, the factory layout, and the digital transformation into a single, fully optimized, cleaner production system. Spirit is proud to join industry leaders previously honored by this award."

The SME awards, which are international in scope, honor contributions of those who have excelled in manufacturing products from advanced composite materials. That excellence can include developing innovative tooling and/or production process techniques for the manufacture of products that have helped accelerate composites' growth through superior service, quality or cost-reduction initiatives.

On the web: www.spiritaero.com
On Twitter: @SpiritAero

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Contacts:

Media: Maria Ryan

+44 (0)28 95681929

maria.ryan@spiritaero.com

Investor Relations: Ryan Avery or Aaron Hunt

(316) 523-7040

investorrelations@spiritaero.com

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.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains "forward-looking statements" that may involve many risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "aim," "anticipate," "believe," "could," "continue," "estimate," "expect," "goal," "forecast," "intend," "may," "might," "objective," "outlook," "plan," "predict," "project," "should," "target," "will," "would," and other similar words, or phrases, or the negative thereof, unless 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 markets in which we operate in the U.S. and globally; our ability to manage our liquidity, borrow additional funds or refinance debt; and other factors disclosed in our filings with the Securities and Exchange Commission. These factors are not exhaustive and it is not possible for us to predict all factors that could cause actual results to differ materially from those reflected in our forward-looking statements. These factors speak only as of the date hereof, and new factors may emerge or changes to the foregoing factors may occur that could impact our business. Except to the extent required by law, we undertake no obligation to, and expressly disclaim any obligation to, publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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Spirit AeroSystems Holdings Inc. published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 16:32:03 UTC.