Spirit Aerosystems Holdings, Inc. (SPR): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo intrincado da engenharia aeroespacial, a Spirit Aerosystems Holdings, Inc. (SPR) é uma força crucial, transformando desafios complexos de fabricação em soluções inovadoras que alimentam a aviação global. Esta empresa dinâmica criou meticulosamente um modelo de negócios que integra perfeitamente as capacidades tecnológicas de ponta com parcerias estratégicas, posicionando-se como um participante crítico nos setores aeroespacial comercial e militar. Ao alavancar tecnologias avançadas de fabricação, experiência em engenharia profunda e uma robusta cadeia de suprimentos global, a Spirit Aerosystems desenvolveu uma proposta de valor única que impulsiona o futuro do design e produção de componentes aeroespaciais.

Spirit Aerosystems Holdings, Inc. (SPR) - Modelo de negócios: Parcerias -chave

Aviões comerciais da Boeing

A maior parceria estratégica da Spirit Aerosystems, gerando 80% de sua receita a partir de 2023. Produz os principais componentes do Boeing 737 Max, 787 Dreamliner e 777x.

Métrica de Parceria	Valor
Valor anual do contrato	US $ 3,9 bilhões
Duração do contrato de longo prazo	15 anos
Volume de fabricação	52 fuselagens por mês

Airbus

Parceria estratégica secundária com foco nos componentes da aeronave da família A320.

Detalhes da parceria	Especificação
Contribuição anual da receita	US $ 750 milhões
Produção de componentes	Seções de fuselagem para a frente e à ré

Lockheed Martin

Parceria de Fabricação de Componentes de Aeronaves Militares e Aeronaves Militar.

• Componentes de aeronaves C-130 Hercules
• Valor anual do contrato: US $ 250 milhões
• Produção de conjuntos de asas e seções de fuselagem

Aviação elétrica geral

Motor Nacele e Pylon Systems Manufacturing Collaboration.

Métricas de parceria	Dados
Valor anual do contrato	US $ 500 milhões
Programas -chave	Nacelas de motor Leap, Boeing 737 Max

Rolls-Royce Holdings

Parceria de fabricação de componentes aeroespaciais para motores comerciais e militares.

• Produção de sistemas reversores de nacele e impulso
• Receita anual de parceria: US $ 400 milhões
• Principais programas de motores: Trent 700, Trent XWB

Spirit Aerosystems Holdings, Inc. (SPR) - Modelo de negócios: Atividades -chave

Fabricação de componentes de aeronaves

A Spirit Aerosystems fabrica componentes aeroespaciais críticos para os principais fabricantes de aeronaves. Em 2023, a empresa produziu:

Tipo de componente	Volume anual de produção
Seções da fuselagem	550 unidades
Conjuntos de asa	475 unidades
Nacelas do motor	425 unidades

Projeto estrutural aeroespacial e engenharia

Os recursos de engenharia da empresa incluem:

• Tecnologias de design digital e simulação 3D
• Modelagem computacional avançada
• Análise estrutural e otimização

O investimento em P&D em 2023 foi de US $ 285 milhões.

Composto avançado e fabricação de metal

Tipo de fabricação	Capacidade anual	Tipos de materiais
Fabricação composta	1.200 toneladas métricas	Fibra de carbono, fibra de vidro
Fabricação de metal	2.500 toneladas métricas	Ligas de alumínio, titânio

Usinagem e montagem de precisão

Recursos de fabricação de precisão:

• Tolerâncias de usinagem CNC: ± 0,0005 polegadas
• Linhas de montagem automatizadas
• Taxa de inspeção de controle de qualidade: 99,7%

Pesquisa e desenvolvimento de tecnologias aeroespaciais

2023 Métricas de desenvolvimento de tecnologia:

Área de foco em P&D	Aplicações de patentes	Investimento em tecnologia
Materiais avançados	37 APLICAÇÕES	US $ 125 milhões
Processos de fabricação	22 APLICAÇÕES	US $ 95 milhões

Spirit Aerosystems Holdings, Inc. (SPR) - Modelo de negócios: Recursos -chave

Instalações de fabricação avançadas

A Spirit Aerosystems opera instalações de fabricação em vários locais estratégicos:

Localização	Tipo de instalação	Tamanho (Sq. Ft.)
Wichita, Kansas	Sede primária	2,5 milhões
Tulsa, Oklahoma	Fabricação de componentes	1,8 milhão
McAllen, Texas	Fabricação de precisão	500,000
Kinston, Carolina do Norte	Fabricação composta	350,000

Experiência especializada em engenharia aeroespacial

A Spirit Aerosystems mantém uma força de trabalho de engenharia robusta com as seguintes características:

• Força de trabalho de engenharia total: 4.800 engenheiros
• Graus avançados: 35% da equipe de engenharia
• Experiência média de engenharia: 15 anos
• Investimento anual de P&D: US $ 287 milhões

Tecnologias de fabricação proprietárias

Os principais recursos tecnológicos incluem:

• Fabricação composta avançada processos
• Tecnologias de usinagem de precisão
• Sistemas de inspeção automatizados
• Plataformas de engenharia digital

Força de trabalho de engenharia aeroespacial qualificada

Composição da força de trabalho a partir de 2024:

Categoria de funcionários	Número de funcionários	Percentagem
Total de funcionários	14,200	100%
Equipe de engenharia	4,800	33.8%
Técnicos de fabricação	7,600	53.5%
Equipe administrativo	1,800	12.7%

Equipamento de capital e infraestrutura

Detalhes do investimento de capital:

Categoria de equipamento	Valor total	Manutenção anual
Máquinas de fabricação	US $ 1,2 bilhão	US $ 75 milhões
Sistemas de design auxiliados por computador	US $ 180 milhões	US $ 22 milhões
Equipamento de controle de qualidade	US $ 95 milhões	US $ 12 milhões

Spirit Aerosystems Holdings, Inc. (SPR) - Modelo de negócios: proposições de valor

Fabricação de componentes aeroespaciais de alta precisão

A Spirit Aerosystems produz componentes aeroespaciais críticos com recursos de fabricação de precisão. Em 2023, a empresa fabricou aproximadamente 48 fuselagens para a Boeing 737 Max Aircraft por mês, com uma capacidade anual de produção anual total de 576 fuselagens.

Tipo de componente	Volume anual de produção	Tolerância à precisão
Fuselages	576 unidades	± 0,005 polegadas
Estruturas de asa	432 unidades	± 0,003 polegadas

Recursos complexos de projeto estrutural

A Spirit Aerosystems investe significativamente em tecnologias avançadas de design. Em 2023, a empresa gastou US $ 287 milhões em pesquisa e desenvolvimento, concentrando -se em inovações complexas de design estrutural.

• Recursos de modelagem 3D avançados
• Simulação de dinâmica de fluidos computacional
• Tecnologias de análise de elementos finitos

Soluções aeroespaciais econômicas

A empresa mantém preços competitivos por meio de processos de fabricação eficientes. Em 2023, a Spirit Aerosystems alcançou uma redução de custo de fabricação de 7,2% em comparação com o ano anterior.

Métrica de custo	2022 Valor	2023 valor	Variação percentual
Custo de fabricação por unidade	US $ 1,2 milhão	US $ 1,11 milhão	-7.2%

Tecnologias avançadas de fabricação de compósitos e metal

A Spirit Aerosystems utiliza tecnologias de fabricação de ponta. Em 2023, a empresa processou 12.500 toneladas de materiais compósitos e 18.750 toneladas de metais aeroespaciais.

• Fabricação composta de fibra de carbono
• Fabricação de liga de titânio
• Processamento de materiais avançados de alumínio-lítio

Integração global da cadeia de suprimentos aeroespacial

A empresa opera em vários locais globais, atendendo aos principais fabricantes aeroespaciais. Em 2023, a Spirit Aerosystems possuía instalações de fabricação em quatro países e atendeu clientes em mais de 25 países.

Localização	Tipo de instalação	Capacidade de produção anual
Wichita, Kansas, EUA	Fabricação primária	70% da produção total
Tulsa, Oklahoma, EUA	Fabricação secundária	15% da produção total
Locais internacionais	Instalações de satélite	15% da produção total

Spirit Aerosystems Holdings, Inc. (SPR) - Modelo de negócios: Relacionamentos do cliente

Contratos estratégicos de longo prazo

A Spirit Aerosystems mantém contratos estratégicos de longo prazo com os principais fabricantes aeroespaciais, incluindo:

Cliente	Tipo de contrato	Valor estimado do contrato
Boeing	Fabricação de estrutura	US $ 4,5 bilhões (2023)
Airbus	Produção da fuselagem	US $ 3,2 bilhões (2023)

Parcerias colaborativas de engenharia

A Spirit Aerosystems se envolve em parcerias colaborativas de engenharia com os principais clientes aeroespaciais:

• BOEING 737 MAX COMPONENTES DE COMPONENTES
• Técnicas avançadas de fabricação Airbus A320
• Gulfstream G500/G600 FUSELAGE Design Collaboration

Suporte técnico dedicado

Métricas de suporte técnico para 2023:

Categoria de suporte	Tempo de resposta	Taxa de resolução
Assistência técnica no local	4 horas	98.5%
Suporte de engenharia remota	2 horas	99.2%

Soluções de fabricação personalizadas

Recursos de personalização de fabricação:

• Fabricação de precisão: Níveis de tolerância dentro de 0,001 polegadas
• Integração de material compósito avançado
• Serviços de prototipagem rápida

Apoio contínuo de inovação e desenvolvimento

Investimento de pesquisa e desenvolvimento:

Ano	Despesas de P&D	Aplicações de patentes
2023	US $ 287 milhões	42 novas patentes
2022	US $ 265 milhões	38 novas patentes

Spirit Aerosystems Holdings, Inc. (SPR) - Modelo de negócios: Canais

Equipes de vendas diretas

A Spirit Aerosystems mantém uma força de vendas direta dedicada de aproximadamente 62 profissionais de desenvolvimento de negócios a partir de 2023. A equipe de vendas se concentra nos principais fabricantes aeroespaciais, incluindo Boeing, Airbus e Bombardier.

Segmento de clientes	Número de representantes de vendas dedicados	Cobertura anual de vendas
Fabricantes de aeronaves comerciais	38	US $ 4,8 bilhões
Defesa & Aeroespacial militar	24	US $ 1,2 bilhão

Feiras da indústria aeroespacial

A Spirit Aerosystems participa de 7-9 grandes feiras internacionais aeroespaciais internacionais anualmente, incluindo:

• Paris Air Show
• Farnborough International Airshow
• Convenção de aviação comercial da NBAA
• Dubai Airshow

Conferências técnicas

A empresa se envolve em 12 a 15 conferências técnicas por ano, com um investimento médio de US $ 475.000 em participação e networking da conferência.

Tipo de conferência	Participação anual	Orçamento estimado de rede
Conferências de engenharia aeroespacial	8	$275,000
Conferências de Tecnologia de Manufatura	4	$200,000

Plataformas de proposta técnica online

A Spirit Aerosystems utiliza 3 plataformas on -line primárias para envios de propostas técnicas, com um investimento anual de infraestrutura digital de US $ 1,2 milhão.

Gerenciamento de contas estratégicas

A empresa mantém as relações estratégicas de contas com 6 fabricantes principais aeroespaciais, representando 92% de seu fluxo total de receita.

Conta estratégica	Valor anual do contrato	Duração do contrato
Boeing	US $ 3,9 bilhões	10 anos
Airbus	US $ 2,1 bilhões	8 anos

Spirit Aerosystems Holdings, Inc. (SPR) - Modelo de negócios: segmentos de clientes

Fabricantes de aeronaves comerciais

A Spirit Aerosystems serve os principais fabricantes de aeronaves comerciais com detalhes precisos do segmento de clientes:

Cliente	Porcentagem de receita	Segmento de produto primário
Boeing	54.7%	Fuselagem, nacelas, pilões
Airbus	22.3%	Componentes da asa, seções de fuselagem

Contratados aeroespaciais militares

O envolvimento do cliente militar inclui:

• Lockheed Martin
• Northrop Grumman
• BAE Systems

Cliente militar	Valor do contrato	Produto de Defesa Primária
Departamento de Defesa dos EUA	US $ 687 milhões	Estruturas de aeronaves militares

Empresas aeroespaciais globais

Distribuição internacional de clientes aeroespacial:

Região	Contribuição da receita	Clientes -chave
América do Norte	72.5%	Boeing, Gulfstream
Europa	19.3%	Airbus, Dassault
Ásia-Pacífico	8.2%	Comac, Mitsubishi

Produtores de aeronaves regionais

O envolvimento do cliente de aeronaves regionais se concentra:

• Embraer
• Bombardeiro
• ATR

Fornecedores de componentes aeroespaciais

As interações da cadeia de suprimentos de componentes incluem:

Categoria de fornecedores	Volume anual de transações	Componentes primários
Fornecedores de Nível 1	US $ 1,2 bilhão	Componentes estruturais
Fornecedores de Nível 2	US $ 456 milhões	Submontagens

Spirit Aerosystems Holdings, Inc. (SPR) - Modelo de negócios: estrutura de custos

Investimento de equipamento de alto capital

Em 2023, a Spirit Aerosystems reportou despesas de capital de US $ 235 milhões. O valor contábil líquido de propriedade, planta e equipamento da empresa (PP&E) era de US $ 2,97 bilhões em 31 de dezembro de 2023.

Categoria de equipamento	Valor do investimento (2023)
Máquinas de fabricação avançadas	US $ 127,5 milhões
Ferramentas de precisão	US $ 62,3 milhões
Equipamento de teste aeroespacial	US $ 45,2 milhões

Extensas despesas de pesquisa e desenvolvimento

As despesas de P&D para aerossistemas espirituais em 2023 totalizaram US $ 189 milhões, representando 2,8% da receita total.

• Pesquisa de materiais compostos: US $ 62,4 milhões
• Tecnologias avançadas de fabricação: US $ 47,6 milhões
• Inovação de design aeroespacial: US $ 79 milhões

Custos de mão -de -obra para força de trabalho de engenharia especializada

A compensação total dos funcionários em 2023 foi de US $ 1,87 bilhão. A empresa empregou aproximadamente 14.500 trabalhadores, com um salário médio anual de US $ 129.000 para profissionais de engenharia.

Categoria de funcionários	Compensação média anual
Profissionais de engenharia	$129,000
Técnicos de fabricação	$85,500
Equipe administrativo	$72,300

Aquisição de matéria -prima

Os custos de matéria -prima em 2023 foram de US $ 2,4 bilhões, representando 35,6% da receita total.

• Alumínio aeroespacial: US $ 782 milhões
• Materiais compostos: US $ 543 milhões
• Ligas de titânio: US $ 415 milhões
• Metais especializados: US $ 660 milhões

Gerenciamento complexo da cadeia de suprimentos

Os custos de gerenciamento da cadeia de suprimentos em 2023 foram de US $ 312 milhões, com 78 fornecedores primários em vários países.

Categoria de despesa da cadeia de suprimentos	Custo (2023)
Logística e transporte	US $ 124 milhões
Gerenciamento de fornecedores	US $ 87 milhões
Gerenciamento de inventário	US $ 101 milhões

Spirit Aerosystems Holdings, Inc. (SPR) - Modelo de negócios: fluxos de receita

Vendas de componentes de aeronaves comerciais

Em 2023, a Spirit Aerosystems relatou receita de vendas de componentes de aeronaves comerciais de US $ 4,7 bilhões. A empresa fornece os principais componentes para as aeronaves Boeing 737, 787 e Airbus A320.

Programa de aeronaves	Contribuição da receita	Componentes -chave
Boeing 737	US $ 2,1 bilhões	Fuselagem, pilões
Boeing 787	US $ 1,3 bilhão	Fuselagem, seções
Airbus A320	US $ 1,3 bilhão	Pilões, nacelas

Contratos aeroespaciais militares

As receitas de contrato aeroespacial militar para 2023 totalizaram US $ 1,2 bilhão, com contribuições significativas dos programas de defesa.

• Componentes de aeronaves da Marinha dos EUA P-8 Poseidon: US $ 350 milhões
• Estruturas de aeronaves de transporte militar: US $ 450 milhões
• Programas de helicópteros de defesa: US $ 400 milhões

Serviços de design de engenharia

Os serviços de design de engenharia geraram US $ 280 milhões em receita durante 2023, com foco em soluções avançadas de engenharia aeroespacial.

Suporte ao componente de pós -venda

A receita de suporte ao componente de pós -venda atingiu US $ 650 milhões em 2023, fornecendo serviços de manutenção, reparo e revisão.

Categoria de serviço	Receita	Mercados -chave
Aeronaves comerciais MRO	US $ 450 milhões	Airlines globais
Reparo de componentes militares	US $ 200 milhões	Contratados de defesa

Acordos de licenciamento e desenvolvimento de tecnologia

Os acordos de licenciamento e desenvolvimento de tecnologia contribuíram com US $ 180 milhões para a receita da Spirit Aerosystems em 2023.

• Licenciamento de tecnologia de materiais compostos: US $ 80 milhões
• Acordos avançados de processo de fabricação: US $ 100 milhões

Spirit AeroSystems Holdings, Inc. (SPR) - Canvas Business Model: Value Propositions

Spirit AeroSystems Holdings, Inc.'s value proposition centers on its deep, integrated capability in designing and building large, complex aerostructures for major original equipment manufacturers (OEMs).

Integrated design and manufacturing of critical primary structures.

Spirit AeroSystems provides the core structural elements for some of the world's most important aircraft. This capability is evidenced by their ongoing work on major platforms, which translates directly into a massive order book. Spirit AeroSystems Holdings, Inc.'s total backlog at the end of the third quarter of 2025 was approximately US$52 billion, covering work across all Airbus and Boeing platforms. This backlog underpins the value of their manufacturing expertise.

Risk-sharing partner in developing new aircraft programs.

The company positions itself as a trusted partner that helps prime contractors reduce risk on new development programs. This is demonstrated by their involvement in next-generation military platforms. Spirit AeroSystems Holdings, Inc. is a proud member of the industry team for the Northrop Grumman B-21 Raider program. Furthermore, they are involved in the development of the Bell Helicopter V-280 Valor tiltrotor. On the commercial side, Spirit AeroSystems Holdings, Inc. secured a contract in January 2025 to build composite fuselage structures for a leading eVTOL developer, showing expansion into advanced air mobility.

The nature of these partnerships often involves shared financial exposure, as seen in the financial reporting, where total changes in estimates for Q3 2025 included $585 million in net forward losses, driven in part by programs like the Boeing 787 and Airbus A350. This financial exposure is the cost of being a risk-sharing development partner.

High-volume production capability for narrow-body aircraft (737 fuselage).

The ability to produce the Boeing 737 fuselage, the best-selling commercial jet, at scale is a core value. Following production rate constraints in 2024, Spirit AeroSystems Holdings, Inc. was reportedly lifting its 737 fuselage production from 21 to 31 fuselages a month as of early 2025, working toward Boeing's target of 38 per month. Boeing has since gained approval to raise the rate to 42 aircraft per month by year-end 2025. Higher production activity, particularly on the Boeing 737, was the primary driver for the Q3 2025 revenue increase to $1.6 billion. The company delivered 282 737/MAX shipsets in the full year 2022.

The high-volume capability is quantified by the scale of their work:

Program	Component Supplied	Related Financial Metric (Q3 2025)
Boeing 737/MAX	Fuselage Barrels	Net Forward Losses of $585 million (partially driven by 737 costs)
Boeing KC-46 Tanker	Forward Fuselage (Section 41), Strut, Nacelle Components	Defense & Space segment revenue increased due to higher activity on the KC-46
Boeing P-8A Poseidon	Fuselage (737 Derivative)	Defense & Space segment revenue increased due to higher activity on the P-8

Lighter, more efficient composite aerostructures for fuel savings.

Spirit AeroSystems Holdings, Inc. contributes to customer goals for fuel efficiency and lower emissions through the use of advanced materials. It is estimated that over 50% of new commercial aircraft will be made from composites by 2025. For next-generation aircraft like the Boeing 787 and Airbus A350, composites account for up to 50% of the structural weight. The value proposition here is direct: every 1% reduction in aircraft weight results in approximately 0.75% fuel savings. Spirit AeroSystems Holdings, Inc. is actively building composite fuselage structures, as evidenced by their January 2025 contract win for an eVTOL developer.

Single-source supplier for major components, simplifying customer supply chain.

By acting as the single-source provider for major assemblies, Spirit AeroSystems Holdings, Inc. simplifies the complex aerospace supply chain for its customers. This is a key part of their relationship with Boeing, which is in the final stages of reacquiring the company, expected to close by the end of 2025. This integration is intended to streamline quality and production, with Boeing noting a 75% improvement in quality coming out of Spirit following direct intervention. Even with the Boeing merger pending, Spirit maintains critical relationships with competitors, as the FTC approval required Spirit to continue as a supplier to Boeing's competitors for military aircraft programs. Furthermore, Spirit AeroSystems Holdings, Inc. has a support agreement with Airbus, which includes a $200 million non-interest-bearing line of credit to support Airbus programs, with repayment obligations assumed by Airbus upon closing of asset divestitures.

• Deliveries of the Boeing 737 were significantly higher year-over-year in Q2 2025, recovering from 2024 delays.
• Q2 2025 Revenue was $1.6 billion, an increase from the same period in 2024.
• Adjusted EPS for Q3 2025 was $(4.87).
• Cash balance at the end of Q3 2025 was $299 million.

Finance: draft 13-week cash view by Friday.

Spirit AeroSystems Holdings, Inc. (SPR) - Canvas Business Model: Customer Relationships

You're looking at the core of Spirit AeroSystems Holdings, Inc.'s value proposition-the deep, often complex, relationships with the world's largest airframe manufacturers. This isn't just transactional; it's about being an integrated part of their production line.

Deeply embedded, long-term strategic partnership model

Spirit AeroSystems operates as an integrated partner with its largest customers, Boeing and Airbus. This partnership focus is critical, especially given the market's scrutiny over execution and quality. The sheer volume of committed work underscores this reliance; Spirit AeroSystems' total backlog at the end of the third quarter of 2025 was approximately $52 billion. This backlog covers work packages on all major Airbus and Boeing platforms. The relationship with Boeing is reaching a new level of integration, evidenced by the proposed acquisition, which was expected to close in the fourth quarter of 2025 for $8.3 billion. This move by Boeing is explicitly aimed at gaining strategic supply chain control and improving quality.

The structure reflects this deep embedding, organizing operations around key customer programs:

• Commercial Division oversees global operations with Airbus and Boeing.
• The company provides products for customers including Airbus, Boeing, Bombardier, and Mitsubishi.
• Spirit AeroSystems builds fuselage systems, propulsion systems, and wing systems.

Dedicated program teams for each major platform (e.g., 737, A350)

The operational reality involves managing distinct, dedicated efforts for major platforms, which is reflected in the financial reporting of estimate changes. The net forward losses for the entire company in the third quarter of 2025 totaled $585 million, driven by costs on specific programs.

Here's a breakdown of how those estimate changes hit the segments in Q3 2025:

Program Area	Net Forward Losses (Q3 2025)	Unfavorable Cumulative Adjustments (Q3 2025)
Commercial Segment Total	$578 million	$11 million
Defense & Space Segment Total	$8 million	$4 million

The forward losses in the Commercial segment were primarily driven by the Boeing 737, Boeing 787, Airbus A220, and Airbus A350 programs. For instance, production rates for the Airbus A350 composite structures in Kinston, North Carolina, have doubled in the last several years.

Collaborative quality and product verification processes with customers

Maintaining quality is a non-negotiable operational necessity, and collaboration is key to meeting delivery targets. The recovery in production volume is a direct result of this joint effort. Boeing 737 deliveries were significantly higher year-over-year in Q3 2025, which was directly attributed to the delay in 2024 caused by the joint product verification process initiated by Boeing. This recovery helped improve cash flow usage in Q3 2025. The company's structure includes leadership overseeing specific customer programs, such as Senior Vice President Boeing Programs and Senior Vice President Airbus and Business/Regional Jet Programs.

Contractual agreements with significant forward loss provisions

The nature of the long-term contracts means Spirit AeroSystems often absorbs upfront cost risks, which materialize as estimate changes. Total changes in estimates for Q3 2025 included net forward losses of $585 million and unfavorable cumulative adjustments of $14 million. These provisions reflect rising production and supply chain costs. To be fair, the company's overall revenue for Q3 2025 was $1.6 billion, making the $585 million in forward losses a significant operational headwind for that single quarter.

Direct sales and support for Aftermarket MRO services

Spirit AeroSystems supports its products post-delivery through its Aftermarket segment. This segment saw revenue increase slightly in the first quarter of 2025 compared to the prior year. In the second quarter of 2025, Aftermarket segment revenue also increased slightly year-over-year. Historically, the goal was for the aftermarket business to reach 20% of total revenue, up from being only 2-3% of total revenue as of 2022. The company has been developing a bigger sales team and stronger customer service organization to support this direct service offering.

Spirit AeroSystems Holdings, Inc. (SPR) - Canvas Business Model: Channels

Direct delivery from Spirit AeroSystems facilities to OEM final assembly lines is the primary channel for commercial program volume. For instance, in the second quarter of fiscal year 2025, the Commercial segment generated $1.27 billion in revenue, representing the lion's share of the total $1.64 billion consolidated revenue for that period. Spirit AeroSystems Holdings, Inc. shipped components for 429 shipsets in the first quarter of 2025, reflecting a catch-up on delayed Boeing 737 shipments. The company's total backlog, which provides a multi-year revenue runway, stood at approximately $52 billion at the end of the third quarter of 2025.

The global manufacturing footprint is structured to feed multiple customer assembly sites worldwide. This network supports both Boeing and Airbus programs, though certain assets are subject to divestiture as part of the pending acquisition agreement.

Facility Location	Primary Program Component Supplied	Customer OEM
Wichita, Kansas	Boeing 737 Fuselages, A220 Pylons	Boeing, Airbus
Kinston, North Carolina	A350 Fuselage Sections	Airbus
St. Nazaire, France	A350 Fuselage Sections	Airbus
Belfast, Northern Ireland	A220 Wings and Mid-Fuselage Sections	Airbus
Casablanca, Morocco	A321 and A220 Components	Airbus

Aftermarket spare parts sales flow through dedicated internal channels, which showed positive momentum in the third quarter of 2025. The Aftermarket segment revenue increased from the same period in the prior year, driven by higher spare part sales and increased maintenance, repair, and overhaul (MRO) activity. In the first quarter of 2025, the Aftermarket segment saw revenue growth of +3.4%, though the operating margin slipped to 14.6% due to mix shifts. For context, in the second quarter of 2025, the Aftermarket segment generated $102.80 million in revenue.

Direct engagement with defense ministries is managed through the Defense & Space segment, which saw its revenue increase in the third quarter of 2025 compared to the prior year. In the second quarter of 2025, this segment contributed $266 million to the total revenue. Spirit AeroSystems Holdings, Inc. maintains significant direct government contracts, including a cost-plus-fixed-fee contract from DARPA for the Caliente Program valued at $12,950,335, with an estimated completion date of December 2025. Furthermore, the company holds a significant Indefinite Delivery Vehicle (IDV) contract, the Eglin Wide Agile Acquisition Contract (EWAAC), with a ceiling value of $46 billion running through September 2031.

• Defense & Space Q1 2025 revenue growth was 4.1%.
• Defense & Space recorded an operating loss of $11 million in Q1 2025.
• Spirit AeroSystems Inc. supplies parts for the Northrop Grumman B-21 stealth bomber and the Bell V-280 Valor.

Spirit AeroSystems Holdings, Inc. (SPR) - Canvas Business Model: Customer Segments

You're looking at the core of Spirit AeroSystems Holdings, Inc.'s business, which is heavily concentrated on a few massive aerospace original equipment manufacturers (OEMs). The customer base is defined by large, long-term supply agreements for major aircraft structures.

The relationship with major commercial aircraft OEMs is the dominant factor in Spirit AeroSystems Holdings, Inc.'s financial profile. As of the end of the third quarter of 2025, the total company backlog stood at approximately $52 billion, which covers work packages across all commercial platforms for both Airbus and Boeing. Revenue growth in the third quarter of 2025 was directly tied to increased production rates on these commercial programs.

Here's a look at the key customer groups and the latest available metrics:

Customer Segment	Key Program Involvement/Metric	Latest Financial/Statistical Data (as of Q3 2025)
Major Commercial Aircraft OEMs	Total Company Backlog (Includes all Airbus/Boeing work)	$52 billion
Major Commercial Aircraft OEMs	Third Quarter 2025 Revenue	$1.6 billion (Total Company Revenue)
Major Commercial Aircraft OEMs	Last Twelve Months Revenue (Ending Q3 2025)	$6.39 billion
Major Commercial Aircraft OEMs	Net Forward Losses Recognized (Q3 2025 Commercial Segment)	$578 million
Major Commercial Aircraft OEMs	Excess Capacity Costs (Q3 2025 Commercial Segment)	$43 million
Defense and Space Primes	Revenue Driver	Higher production activity contributed to Q3 2025 revenue increase
Business Jet Manufacturers	Training Services Metric (Bombardier Global 6500)	VAST platform delivered over 6,250 hours of instruction
Commercial Airlines and MRO providers	Aftermarket Activity	Revenue increased in Q3 2025 due to higher spare part sales and MRO activity

The reliance on the top two customers is substantial, as seen in historical data, where revenues for the twelve months ended December 31, 2023, were split between Boeing at $3,847.1 million and Airbus at $1,144.6 million.

Spirit AeroSystems Holdings, Inc. serves Defense and Space Primes for military derivative programs. Revenue in the third quarter of 2025 saw a lift from higher production on these Defense & Space programs.

For business jet manufacturers, the company provides specific support, such as the VAST platform for Bombardier Global 6500 aircraft operations, which sustained an operational tempo of approximately 450 flight hours per month in the third quarter of 2025.

The Aftermarket services, targeting Commercial Airlines and MRO providers, showed positive momentum in the third quarter of 2025. This segment's revenue grew from the prior year's third quarter, driven by two specific areas:

• Higher spare part sales.
• Increased maintenance, repair and overhaul (MRO) activity.

The near-term financial health is also tied to customer financing, as customer advances received in 2024 and 2025 provided essential operational liquidity. Finance: draft 13-week cash view by Friday.

Spirit AeroSystems Holdings, Inc. (SPR) - Canvas Business Model: Cost Structure

You're looking at the cost side of Spirit AeroSystems Holdings, Inc.'s operations as of late 2025, and honestly, it's dominated by large, unavoidable expenses tied to complex, long-term aerospace programs. We need to see where the money is actually going.

The structure is heavily weighted toward high fixed costs from global manufacturing plant operations. While I don't have the total fixed cost number for Q3 2025, these costs cover the overhead necessary to maintain the physical footprint required to build major aerostructures, regardless of immediate production volume. This fixed base is a major factor in profitability when volume dips or changes unexpectedly.

Next up, you've got significant material and supply chain costs, including tariffs. The financial reports from Q3 2025 clearly show this pressure point. The primary driver for the massive estimate changes was 'supply chain and production cost growth.' This tells you that the cost and availability of raw materials and purchased components, plus logistics, are eating into margins significantly.

Then there's the labor costs for a large, union-represented, defintely skilled workforce. The company noted the ongoing challenge in attracting and retaining the skilled workforce necessary for production and development in a competitive market. While I can't pull the total labor expense from the Q3 2025 release, this skilled base represents a substantial, necessary, and often contractually locked-in cost component.

The financial impact of these pressures is immediately visible in the charges taken against earnings. For the third quarter of 2025, the company recorded total changes in estimates that included net forward losses of $585 million. This figure captures the expected future costs, largely driven by those supply chain and production escalations on programs like the Boeing 737, Boeing 787, Airbus A220, and Airbus A350.

Also hitting the cost structure directly were the costs associated with idle resources. Spirit AeroSystems Holdings, Inc. reported excess capacity costs, totaling $55 million in Q3 2025. This is the expense of keeping facilities and personnel ready when production rates don't immediately meet the planned schedule. For context, this was an improvement from the $70 million seen in the same period last year, but still a major quarterly cash outlay.

Here's a quick look at the major cost-related charges impacting the third quarter of 2025 results:

Cost/Charge Category	Q3 2025 Amount	Primary Driver Mentioned
Net Forward Losses (Estimate Change)	$585 million	Supply chain and production cost growth
Unfavorable Cumulative Catch-up Adjustments (Estimate Change)	$14 million	Increased production costs on Boeing 737 and 777 programs
Excess Capacity Costs	$55 million	Abnormal production costs
Total Changes in Estimates (Sum of above)	$599 million	Program cost growth and production inefficiencies

The cost structure is further complicated by program-specific issues, which manifest in these estimate changes. You can see the breakdown of the major charges that hit the operating loss:

• Net forward losses of $585 million across key commercial programs.
• Unfavorable cumulative catch-up adjustments of $14 million.
• Defense & Space segment specifically recorded net forward losses of $8 million and excess capacity costs of $12 million.
• Commercial segment change in estimates included $578 million of net forward losses.

The company's backlog at the end of Q3 2025 was approximately $52 billion, which means these cost pressures are baked into a massive volume of future work, making cost control critical.

Spirit AeroSystems Holdings, Inc. (SPR) - Canvas Business Model: Revenue Streams

You're looking at the core of how Spirit AeroSystems Holdings, Inc. brings in cash, which is heavily tied to the production rhythm of major commercial aircraft manufacturers. Honestly, the numbers tell a clear story about where the money is coming from right now, as of late 2025.

The top-line performance for the third quarter of 2025 showed total revenue hitting $1.6 billion. That's the starting point for everything else. Looking back over the last year, the trailing twelve-month sales reached $6.39 billion. That figure gives you a better sense of the run rate, even with the quarterly volatility we see in this industry.

The revenue streams are clearly segmented, reflecting the company's main business lines. You can see the dominance of the commercial side, but the other segments are still vital pieces of the puzzle.

Here's how the Q3 2025 revenue broke down across the main segments, which is helpful for understanding the current mix:

Revenue Stream Segment	Q3 2025 Revenue (Approximate)	Percentage of Total Revenue (Q3 2025)
Commercial Aerostructures	$1.17 billion	73.80%
Defense & Space	$304.1 million	N/A (Calculated $\approx 19.0\%$)
Aftermarket Services	$111.2 million	N/A (Calculated $\approx 7.0\%$)

Commercial Aerostructures sales remain the engine, driven by higher production activity on key platforms. This stream is the majority of the revenue, as you noted. The recent increase in Boeing 737 deliveries, recovering after the 2024 verification delays, definitely helped boost this segment's top line in Q3 2025.

The Defense and Space program sales provide a necessary counter-balance, though it's a smaller piece of the pie. This revenue comes from significant government contracts. You're seeing activity here primarily on programs like the Boeing P-8 maritime patrol aircraft and the KC-46 Tanker program.

The Aftermarket services revenue, which covers Maintenance, Repair, and Overhaul (MRO) work and spare parts, is the third pillar. While it's the smallest revenue contributor in the quarter, it often carries a different margin profile than the new production work. For instance, Aftermarket segment revenue rose by 12% year-over-year in Q3 2025, reaching $111.2 million.

To be fair, the backlog gives you a forward-looking view of committed revenue, and Spirit AeroSystems Holdings, Inc.'s backlog at the end of Q3 2025 was substantial, sitting at approximately $52 billion. This backlog includes work packages across all the major commercial platforms from both Airbus and Boeing.

The key drivers for the Commercial Aerostructures revenue stream include:

• Work packages for the Boeing 737 program.
• Fuselage sections for the Airbus A320 family.
• Production on the Airbus A220 and A350 programs.
• Fuselage sections for the Boeing 787 program.

The Defense & Space revenue stream is anchored by specific, high-profile defense contracts:

• Higher activity on the Boeing P-8 program.
• Work related to the KC-46 Tanker program.

The Aftermarket stream is focused on supporting the existing fleet:

• MRO services for in-service aircraft.
• Sales of spare parts for repairs and maintenance.

Finance: draft the Q4 2025 revenue forecast based on current production rate assumptions by next Tuesday.