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.