Company: SPR
Filing Date: 2025-01-17
Form Type: 425
Source: 0001104659-25-004487
Chunk: 6

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-01-17
Form: 425
Chunk 6
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 Forecast assumed gross margin of 2% in 2024 and 10% in 2026; and |

| · | the Downside Plan Forecast assumed the issuance of $350 million of debt at an interest rate of 10% in the first quarter 
 of 2025.                                                                                                                |

The Spirit forecasted financial information
also reflects assumptions regarding the continuing nature of certain business decisions that, in reality, would be subject to change.
The Spirit forecasted financial information was based on information known to Spirit management as of May 31, 2024, except as indicated below. Spirit management prepared the Base Plan Forecast, the Upside Plan Forecast and the Downside Plan Forecast to give the Spirit Board a perspective on the impact of different assumptions. The Base Plan Forecast best reflected the Spirit Board’s and Spirit management’s view as to the future performance of Spirit, and, accordingly, the Spirit Board directed Moelis to use the Base Plan Forecast for purposes of its financial analysis and opinion described under the section entitled “—Opinion of Moelis & Company, LLC, Financial Advisor to Spirit” beginning on page 88 of this proxy statement/prospectus.

| 4. | The disclosure in the section of the Proxy Statement/Prospectus entitled “The Merger” under the heading “Spirit               
 Unaudited Forecasted Financial Information,” beginning on page 85 of the Proxy Statement/Prospectus, is amended by adding the 
 following new paragraph immediately after the tenth paragraph under such heading:                                             |

The Spirit forecasted financial information
includes non-GAAP financial measures. These non-GAAP financial measures should not be considered in isolation from, or as a substitute
for, financial measures calculated and presented in accordance with GAAP and may not be comparable to similarly titled measures used by
other companies. The SEC rules that would otherwise require a reconciliation of a non-GAAP financial measure to a financial measure
calculated and presented in accordance with GAAP do not apply to non-GAAP financial measures included in disclosure relating to a proposed
business combination such as the Merger if the disclosure is included in a document such as this proxy statement/prospectus. Reconciliations
of non-GAAP financial measures were not provided to and were not relied on by Morgan Stanley or Moelis or the Spirit Board. Accordingly,
this proxy statement/prospectus does not include reconciliations of these non-GAAP financial measures.

| 5. | The disclosure in the section of the Proxy Statement/Prospectus entitled