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Posted: Tuesday, 06 August 2013 7:56AM

Spirit AeroSystems Divesting Oklahoma Sites



     WICHITA - 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. The company plans to continue with a Tuesday morning investors call as scheduled.
     Spirit (NYSE: SPR) 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.
     Follow me @ICTBiz_dmccoy on Twitter for updates on what the company has to say. Spirit’s full announcement regarding the delay of its earnings report and the Oklahoma divestitures is available on its website.

Wichita Business Journal
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Locations : Oklahoma
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08/06/2013 8:02AM
Spirit AeroSystems Divesting Oklahoma Sites
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