Report
Chris Higgins
EUR 101.80 For Business Accounts Only

Spirit has turned around its operations and is now ramping up on the A350 and 737 MAX programs.

No-moat Spirit Aerosystems' investor day outlined a path to transition the company from fixing operational issues toward long-term growth. Relatively new CEO Tom Gentile laid out a strategic plan that focuses on growth via the defense market and parts fabrication. The company also detailed its cost-cutting initiatives, which are necessary to match price step downs. We think the management team is strong and can execute on its road map. The additional growth Spirit laid out drove us to increase o...
Underlying
Spirit AeroSystems Holdings Inc. Class A

Spirit AeroSystems Holdings is an independent non-Original Equipment Manufacturer commercial aerostructures designer and manufacturer. The company has three segments: Fuselage Systems, which includes development, production and marketing of forward, mid and rear fuselage sections and systems, and related spares and maintenance, repair, and overhaul (MRO) services; Propulsion Systems, which includes development, production and marketing of struts/pylons, nacelles, and related engine structural components, and related spares and MRO services; and Wing Systems, which includes development, production and marketing of wings and wing components, as well as related spares and MRO services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Higgins

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