Company: SPR
Filing Date: 2025-01-17
Form Type: 425
Source: 0001104659-25-004487
Chunk: 5

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-01-17
Form: 425
Chunk 5
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 disruptions
in Spirit’s supply chain or manufacturing operations. Assumptions that were used by Spirit in developing the Spirit forecasted financial
information include, but are not limited to, the following:

| · | for the Spirit forecasted financial information summarized under the heading “Base Plan” in the table below (the 
 “Base Plan Forecast”):                                                                                           |

| · | shipset deliveries of 1,727 in 2024, 1,945 in 2025, 2,181 in 2026, and 2,259 in each of 2027 and 2028; |

| · | gross margins of 3% in 2024, 14% in 2025 and 11% in each of the years from 2026 through 2028; |

| · | approximately $45 million of annual research and development spend for 2026 through 2028; |

| · | selling, general and administrative expense at approximately 3.5% of revenue from 2025 through 2028; |

| · | future tax savings generated by tax attributes as described below and a 21% effective corporate tax rate; |

| · | repayment of Boeing advances of $90 million in 2025 and $45 million in each of 2026 and 2027 and repayment of Airbus advances of $100 million 
 in 2025; and                                                                                                                                  |

| · | successful renegotiation of supply contracts with Airbus in the first quarter of 2025 resulting in a forward loss reversal of $238 million 
 in 2025.;                                                                                                                                  |

| · | for the Spirit forecasted financial information summarized under the heading “Upside Plan” in the table below (the         
 “Upside Plan Forecast”), the same assumptions as those described above with respect to the Base Plan Forecast, except that 
 the Upside Plan Forecast assumed shipset deliveries of 2,329 in 2028: and                                                  |

| · | for the Spirit forecasted financial information summarized under the heading “Downside Plan” in the table below              
 (the “Downside Plan Forecast”), the same assumptions as those described above with respect to the Base Plan Forecast, except |

| · | the Downside Plan Forecast assumed shipset deliveries of 1,703 in 2024, 1,897 in 2025, 2,136 in 2026 and 2,199 in each of 2027 
 and 2028;                                                                                                                      |

| · | the Downside Plan