Spirit AeroSystems Expands Again with New MRO Acquisition, Growing Capabilities for Customers

April 26 2021

Spirit AeroSystems (NYSE: SPR) informed the acquisition (through a subsidiary) of the assets of Applied Aerodynamics, a high-quality composite maintenance, repair and overhaul (MRO) company based in Farmer Branch, Texas, which complements the company's acquisition of select Bombardier assets. The acquisition expands Spirit's existing MRO infrastructure in the region with the addition of Applied Aerodynamics' expertise, workforce, defense scope of work and 120,000-square-foot facility. The expansion allows Spirit to conduct a wider range of repairs on more products to help North American fleet operators and defense customers be more competitive by reducing administrative hassles and costs while also increasing quality and turnaround times.

"Spirit AeroSystems is investing heavily in MRO capabilities to improve the customer experience as part of its strategic transformation to be a more balanced, global company and Applied Aerodynamics is an obvious fit to help us achieve this goal," said Jim Lickteig, senior director of Aftermarket Solutions at Spirit AeroSystems. "With this acquisition, we're prepared to help customers where they need us the most as they rise out of this pandemic. By providing customized, high-quality MRO solutions, we can help operators control their costs and improve efficiencies and speed because of the added capacity."
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