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SPR Stock - Sterling Capital Corp.


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Spirit AeroSystems Holdings, Inc., based in Wichita, Kansas, is a global leader in the design, engineering, manufacturing, and marketing of commercial aerostructures. Established in 1927 and formerly known as Mid-Western Aircraft Systems Holdings, Inc., the company underwent a transformation to become Spirit AeroSystems Holdings, Inc., reflecting its evolution and expanded capabilities in the aerospace industry.

The company operates through three key segments: Commercial, Defense & Space, and Aftermarket. In the Commercial segment, Spirit AeroSystems manufactures a range of aerostructures including fuselage sections, nacelles, wings, and other structural components for large commercial aircraft and business/regional jet programs. This segment serves major aircraft and engine original equipment manufacturers (OEMs) globally, showcasing its critical role in the aviation supply chain.

The Defense & Space segment focuses on providing advanced aerostructures for U.S. Government defense programs, including key platforms such as the Boeing P-8, C40, and KC-46 Tanker. It engages in the fabrication, assembly, and testing of aerostructures for fixed wing aircraft, missiles, and hypersonic systems, underscoring its expertise in defense and aerospace technology.

Spirit AeroSystems' Aftermarket segment offers comprehensive maintenance, repair, and overhaul (MRO) services, including spare parts, engineering services, and advanced composite repairs. This segment supports ongoing operations and ensures the longevity and reliability of flight control surfaces, nacelles, and other critical aircraft components.

In line with its commitment to innovation, Spirit AeroSystems has formed strategic partnerships, such as with Sierra Space, aimed at enhancing its presence in the commercial space economy. These collaborations underscore the company's proactive approach to expanding its capabilities and exploring new growth opportunities in the aerospace and defense sectors globally.

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Stock Sector: Financial Services: Closed-End Fund - Debt

 

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