Report
Chris Higgins
EUR 101.80 For Business Accounts Only

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

Despite the buzz around the aluminum and steel tariffs promised by U.S. President Donald Trump this week, aerospace investors shouldn’t panic over cost increases. Aluminum, which would garner a 10% tariff under Trump's plan, represents only 15%-20% of an aircraft’s cost on older planes and less than 10% on newer aircraft. Also, average aluminum prices rose 23% last year, and the aerospace industry managed to absorb the increase. Investors should be concerned about a trade war, though, because Bo...
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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