Spirit AeroSystems, Oak Ridge National Laboratory Sign Memorandum of Understanding to Create Strategic Partnership
WICHITA, Kansas. – Aug. 8, 2023 – Spirit AeroSystems, Inc. today announced a strategic agreement with the Oak Ridge National Laboratory Manufacturing Demonstration Facility, which is managed by University of Tennessee Battelle, for the development of applications hypersonic travel and aircraft of tomorrow.
Spirit and Oak Ridge National Laboratory will jointly focus on scalable, efficient manufacturing of advanced material solutions in the commercial, defense and space aerostructure markets. They will collaboratively explore advances in high temperature in-situ process monitoring techniques and predictive modeling capability for microstructure-based performance and certification of carbon and ceramic composites as well as additively manufactured alloys. In addition, research teams will study various processing techniques for materials that can withstand extreme heat and harsh environments, including the scaling up of a thermal protection system for aerospace platforms.
“Efficiently producing these advanced material types will advance American manufacturing and do so with lower emissions through the Department of Energy’s Industrial Demonstration Program, said Dr. Sean Black, Spirit AeroSystems senior vice president, chief technology officer and chief engineer. “With the right manufacturing techniques, machines, and tools capable of reaching a high rate on products, paired with the right approach to manufacture advanced materials and a relentless drive to optimize, means success in designing and modeling fully integrated commercial and defense aerospace systems.”
The Oak Ridge National Laboratory Manufacturing Demonstration Facility is the nation’s largest advanced manufacturing research facility focusing on manufacturing analysis and simulation, composites and polymer systems, metal powder systems, metrology and characterization, machine tooling, large-scale metal systems, and robotics and automation. The Manufacturing Demonstration Facility, in partnership with industry, develops and demonstrates the latest advancements in new manufacturing systems, materials and processes.
Spirit AeroSystems, Inc. ("Spirit"), a subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (“Spirit AeroSystems”).
Contacts:
Media: Forrest Gossett
(316) 371-6751
forrest.s.gossett@spiritaero.com
Investor Relations: Ryan Avey
(316) 523-7040
ryan.d.avey@spiritaero.com
About Spirit AeroSystems Inc.
Spirit AeroSystems is one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company’s core products include fuselages, integrated wings and wing components, pylons, and nacelles. We are leveraging decades of design and manufacturing expertise to be the most innovative and reliable supplier of military aerostructures, and specialty high-temperature materials, enabling warfighters to execute complex, critical missions. Spirit also serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco. More information is available at www.spiritaero.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" that may involve many risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "aim," "anticipate," "believe," "could," "continue," "estimate," "expect," "goal," "forecast," "intend," "may," "might," "objective," "outlook," "plan," "predict," "project," "should," "target," "will," "would," and other similar words, or phrases, or the negative thereof, unless the context requires otherwise. These statements reflect management's current views with respect to future events and are subject to risks and uncertainties, both known and unknown. Our actual results may vary materially from those anticipated in forward-looking statements. We caution investors not to place undue reliance on any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in such forward-looking statements and that should be considered in evaluating our outlook include, without limitation, the impact of the COVID-19 pandemic on our business and operations; the timing and conditions surrounding the full worldwide return to service (including receiving the remaining regulatory approvals) of the B737 MAX, future demand for the aircraft, and any residual impacts of the B737 MAX grounding on production rates for the aircraft; our reliance on Boeing for a significant portion of our revenues; our ability to execute our growth strategy, including our ability to complete and integrate acquisitions; our ability to accurately estimate and manage performance, cost, and revenue under our contracts; demand for our products and services and the effect of economic or geopolitical conditions in the industries and markets in which we operate in the U.S. and globally; our ability to manage our liquidity, borrow additional funds or refinance debt; and other factors disclosed in our filings with the Securities and Exchange Commission. These factors are not exhaustive and it is not possible for us to predict all factors that could cause actual results to differ materially from those reflected in our forward-looking statements. These factors speak only as of the date hereof, and new factors may emerge or changes to the foregoing factors may occur that could impact our business. Except to the extent required by law, we undertake no obligation to, and expressly disclaim any obligation to, publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
