Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 87

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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 attributed to Airbus. This charge was recorded to Selling, general and administrative expense on the Company’s Condensed Consolidated Statements of Operations. 

The amortization for each of the five succeeding years relating to intangible assets currently recorded in the Condensed Consolidated Balance Sheets and the weighted average amortization is estimated to be the following as of October 2, 2025:  

YearCustomer relationshipsFavorable leasehold interestDeveloped technologyTotalremaining in 2025$1.6 $— $1.0 $2.6 20266.3 0.1 4.1 10.5 20276.3 0.1 4.1 10.5 20286.3 0.1 4.1 10.5 20295.9 0.1 4.1 10.1 20305.5 — 4.1 9.6 Weighted average amortization period12.7 years3.8 years10.1 years11.8 years 

12.  Advance Payments

 Advances on the B787 Program.  Boeing has made advance payments to Spirit under the B787 Special Business Provisions and General Terms Agreement (collectively, the “B787 Supply Agreement”) that are required to be repaid to Boeing by way of offset against the purchase price for future shipset deliveries. Advance repayments were initially scheduled to be spread evenly over the remainder of the first 1,000 B787 shipsets delivered to Boeing. On April 8, 2014, Spirit signed a memorandum of agreement with Boeing that suspended advance repayments related to the B787 program for a period of twelve months beginning April 1, 2014. Repayment recommenced on April 1, 2015, and any repayments that otherwise would have become due during such twelve-month period will offset the purchase price for shipsets 1001 through 1120. On December 21, 2018, Spirit signed a memorandum of agreement with Boeing that again suspended the advance repayments beginning with line unit 818. The advance repayments resumed in 2022 at a lower rate of $0.45 per shipset at line unit number 1135 through March 2025 when the repayments were again suspended from line unit 1248 to 1273. The range of line units for which repayment was suspended was adjusted again in July 2025 to extend from line unit 124