Company: SPR
Filing Date: 2025-01-17
Form Type: 425
Source: 0001104659-25-004487
Chunk: 8

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-01-17
Form: 425
Chunk 8
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 |     | $    |    522 |   |

| (1) | Prepared based on information known to Spirit management as of May 31, 2024. |

| (2) | EBITDA is defined as net (loss) income adjusted for noncontrolling interest in earnings of subsidiary, equity in net income (loss)        
 of affiliates, income tax (benefit) provision, other (income) expense, net, interest expense and financing fee amortization, depreciation 
 and amortization expense and amortization expense. Adjusted EBITDA is defined as EBITDA plus or minus certain non-cash items or items     
 that arise from time to time outside the ordinary course of our operations, including (i) employee stock-based compensation expense,      
 (ii) forward-loss charges, (iii) cumulative catch-up adjustments, (iv) loss on disposition of assets, (v) Russian                         
 sanctions (excluding forward losses), (vi) M&A-related expenses, (vii) restructuring costs and (viii) other specified                     
 expenses.                                                                                                                                 |

| (3) | This measure is not calculated in accordance with GAAP, should not be considered as a substitute for any measure calculated in accordance 
 with GAAP and may not be comparable to similarly titled measures reported by other companies.                                             |

| (4) | Adjusted EBIT is defined as Adjusted EBITDA less depreciation and amortization. |

| (5) | Unlevered free cash flow is defined as Adjusted EBIT less cash taxes, plus depreciation and amortization, less capital expenditures, 
 less change in net working capital and other.                                                                                        |

| 6. | 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 modifying 
 the last paragraph under such heading to read in its entirety as follows:                                                    |

In addition to the financial measures shown
in the table above, the Spirit forecasted financial information included estimates as of June 7, 2024 of cash tax savings
from net operating losses, tax credits and other tax attributes for the calendar years ending December 31, 2024, 2025,
2026, 2027 and 2028 of $0, $89.2 million, $53.1 million, $32.8 million and $0, respectively, in connection with the Base