Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Spirit AeroSystems Holdings, Inc.    SPR

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Spirit AeroSystems Names Former Lockheed Executive Lawson as New Chief

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/19/2013 | 01:12pm CET
   By Tess Stynes 
 

Spirit AeroSystems Holdings Inc. (>> Spirit AeroSystems Holdings, Inc.) appointed former Lockheed Martin Corp. (>> Lockheed Martin Corporation) executive Larry A. Lawson as the aerospace company's new president and chief executive starting early next month.

Mr. Lawson will succeed Spirit AeroSystems President and Chief Executive Jeffrey L. Turner, who in November had unveiled plans to retire early this year and is expected to remain on the company's board. Mr. Turner has been CEO since the company was formed in 2005.

Spirit AeroSystems is a major supplier to Boeing Co. (>> The Boeing Company) and the Gulfstream unit of General Dynamics Corp. (>> General Dynamics Corporation), which like other plane makers have looked to drive down their own costs by subcontracting more work to firms like Spirit.

Mr. Lawson was formerly executive vice president of Lockheed Martin's aeronautics business segment. In his work at the defense company, Mr. Lawson oversaw key aircraft production programs including the F-35 and the F-22 Raptor.

Chairman Bob Johnson said, "The board sought a CEO armed with a strong record of operating and financial performance on both mature and new aircraft programs with the ability to take Spirit to the next level."

Spirit AeroSystems last month reported that its fourth-quarter profit was flat from a year earlier as a double-digit percentage rise in revenue muted by a rise in operating expenses.

Shares closed Monday at $18.80 and were inactive premarket. The stock is up 11% this year.

Write to Tess Stynes at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SPIRIT AEROSYSTEMS HOLDING
04:16p SPIRIT AEROSYSTEMS : Develops New Composites Manufacturing Technology
11:17a SPIRIT AEROSYSTEMS : Deal for Senior
12/12 SPIRIT AEROSYSTEMS : Plans Major Expansion, Job Growth in Wichita, Kan.
12/09 SPIRIT AEROSYSTEMS : to invest $1bn at Wichita facility in US
12/09 SPIRIT AEROSYSTEMS : worker who died was crushed by an airplane part
12/08 SPIRIT AEROSYSTEMS : Governor Cooper Welcomes $55.7M Expansion at N.C. Global Tr..
12/08 SPIRIT AEROSYSTEMS : announces $55.M expansion at N.C. Global TransPark
12/08 SPIRIT AEROSYSTEMS : How Spirit raises Wichita's spirit just in time for holiday..
12/07 SPIRIT AEROSYSTEMS : Where will Spirit AeroSystems find 1,000 new workers?
12/07 SPIRIT AEROSYSTEMS : to add 1000 jobs, $1 billion in investments in Wichita
More news
News from SeekingAlpha
06:40a With North Korea In The Crosshairs Let's Analyze The Defense Industry
12/07 Spirit plans major expansion in Kansas
11/02 Spirit AeroSystems Holdings, Inc. 2017 Q3 - Results - Earnings Call Slides
11/01 Spirit AeroSystems Holdings (SPR) Q3 2017 Results - Earnings Call Transcript
11/01 Spirit AeroSystems EPS in-line, beats on revenue
Financials ($)
Sales 2017 6 924 M
EBIT 2017 646 M
Net income 2017 403 M
Debt 2017 498 M
Yield 2017 0,43%
P/E ratio 2017 24,54
P/E ratio 2018 15,47
EV / Sales 2017 1,49x
EV / Sales 2018 1,44x
Capitalization 9 790 M
Chart SPIRIT AEROSYSTEMS HOLDING
Duration : Period :
Spirit AeroSystems Holding Technical Analysis Chart | SPR | US8485741099 | 4-Traders
Technical analysis trends SPIRIT AEROSYSTEMS HOLDING
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 85,0 $
Spread / Average Target 0,33%
EPS Revisions
Managers
NameTitle
Thomas C. Gentile President, Chief Executive Officer & Director
Robert D. Johnson Chairman
Sanjay Kapoor Chief Financial Officer & Executive Vice President
John A. Pilla Chief Technology Officer & Senior VP-Engineering
Paul E. Fulchino Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SPIRIT AEROSYSTEMS HOLDINGS, INC.45.59%9 790
SAFRAN28.47%43 197
TRANSDIGM GROUP INCORPORATED10.31%14 164
MTU AERO ENGINES35.20%9 115
AVIC AIRCRAFT CO LTD--.--%7 359
HEICO CORP45.63%6 888