Company: SPR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001628280-25-009088
Chunk: 5

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 5
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orsky CH-53K Helicopter and development work of the B-21 Raider. In 2024 we continued to identify, pursue, and win funded contracts on classified military programs. We have contracts on multiple funded military programs that are classified by the U.S. Government and cannot be specifically described. The operating results of these classified contracts are included in our consolidated financial statements. The business risks associated with classified contracts historically have not differed materially from those of our other U.S. Government contracts. Our internal controls addressing the financial reporting of classified contracts are consistent with our internal controls for our non-classified contracts.

The following table summarizes by product and program what we currently have under contract. 

ProductApplicable SegmentDescriptionMilitary ProgramFixed Wing AircraftDefense & SpaceFabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and trainingVariousNacelle & PylonsDefense & SpaceFabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and trainingB-52RotorcraftDefense & SpaceForward cockpit and cabinSikorsky CH-53KMissiles & Hypersonics (FMI sale closed in January 2025)Defense & SpaceSolid rocket motor throats and nozzles, Re-entry vehicle thermal protection systemsTrident D5, Standard Missile, Arrow 3, Common Hypersonic Glide Body (C-HGB), NASA MSR, NASA Mars 2020, Patriot Missile, THAAD (Terminal High Altitude Area Defense, an American anti-ballistic missile defense system) 

Fabrication

Within our Commercial segment, the Company offers customers a wide range of solutions including machining, skin and sheet metal fabrication, and chemical processing. These capabilities are utilized for both internal and external sourcing and include the following:

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FabricationDescriptionMachine Fabrication5-axis machining capabilities: high-speed aluminum fabrication up to 23 feet, seat track machining, and extensive hard metal capabilities3- and 4-axis machining capabilities: range of hard metal capabilities, multi-spindle machines, and manufactured partsSheet Metal FabricationIncludes stretch and hydro forming, roll, hammer, profiling, gauge reduction of extrusions and aluminum heat treat, as well as subassembliesChemical ProcessingIncludes a range of hard and soft metals with one of the largest automated lines in the industrySkin FabricationInclude skin stretch forming up to 1,500 tons, laser scribe, trim and drill, and chemical milling

Our Customers

Our revenues are substantially dependent on Boeing and Airbus. The loss of either of these customers would have