AllAnalyst Report
logoMorningstarFebruary 19, 2021

Spirit AeroSystems Holdings, Inc.: Spirit AeroSystems Improved Its Operations by Cutting Costs in the Third Quarter

Symbols
SPR
Sector(s)
Industrials
Rating
Current Price
$47.91
Fair Value
Economic Moat
Stewardship
Summary

Spirit AeroSystems designs and manufactures aerostructures, particularly fuselages, for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures. Boeing and Airbus are the firms and its primary customers, Boeing composes roughly 80% of annual revenue and Airbus composes roughly 15% of revenue. The company is highly exposed to Boeing’s 737 program, which generally accounts for about half of the firm’s revenue.

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Analyst Profile

Burkett Huey

Equity Analyst
Burkett Huey is an equity analyst on the financial-services team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He assists in the coverage of REIT, banking, and Insurance companies.Before joining Morningstar 2016, Huey worked for the State of the Rockies research program and wrote his undergraduate thesis on the economics of water transfers in Western Colorado. After joining Morningstar, Huey worked in various operations roles before transitioning to his current role.Huey holds a bachelor’s degree in economics from Colorado College. He also is a Level II candidate in the Chartered Financial Analyst® program.