Spirit Aerosystems Plans To Sell Okla. Sites, Delays Earnings Release

By: Wichita Business Journal Email
By: Wichita Business Journal Email

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Tuesday, August 6, 2013

Spirit AeroSystems Inc. on Tuesday announced it is beginning the process of divesting its Oklahoma sites and delayed the release of its second-quarter earnings report.

This story comes from our news partners at the Wichita Business Journal.

The company plans to continue with a Tuesday morning investors call as scheduled.

Spirit said it will release its official earnings following an auditors review, but that it expects revenues of $1.52 billion, up 13 percent year over year.

It also said it expects a pre-tax charge ranging from $350 million to $400 million related to its work on Gulfstream business jet programs.

That includes wing work at the company’s Tulsa plant, which along with a facility in McAlester, Okla., the company says it will be divesting.
The Tulsa plant has been rumored as a possible acquisition target of GKN PLC.

Spirit’s management call with investors will begin at 10 a.m. Tuesday.

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