ST Engineering, Spirit AeroSystems sign exclusive cooperation agreement to jointly target nacelle MRO market in the Middle East

WICHITA, Kansas - April 20, 2023 - Spirit AeroSystems announced today the signing of an exclusive cooperation agreement with ST Engineering’s Commercial Aerospace business to support customers in select Middle Eastern countries including Qatar, UAE, Jordan, Saudi Arabia, Kuwait and Oman with aircraft engine nacelle MRO solutions.     

The two companies will bring together their expertise and wealth of experience across various aircraft platforms to jointly market and offer competitive value propositions. The companies intend to support a significant portion of commercial aircraft variants to operators in the Middle East.

Spirit AeroSystems President & CEO Tom Gentile, left, and ST Engineering CEO Jeffrey Lam.

Spirit AeroSystems’ expertise include the design, build and repair of select components on the nacelles of the Boeing 737 NG/MAX, 747, 757, 777, as well as the Airbus A320ceo and A330, while ST Engineering has expertise in design, build and repair of select components on the nacelles of the Boeing 747, 767 and Airbus A330, A320neo. ST Engineering also has MRO licenses for the Boeing 787 and Airbus A320neo LEAP engine nacelles, and MRO expertise in the A320ceo and Boeing 737 NG/MAX.

“The cooperation will allow two strong MRO players to offer one-stop, comprehensive MRO solutions for our Middle Eastern customers. We will be able to pool our resources, offer our joint MRO capacity, and coordinate with our recently announced regional partners JORAMCO and GMR to deliver best-value MRO solutions. We are excited about the potential of this long-term exclusive cooperation in the region,” said Kailash Krishnaswamy, Senior Vice President of Spirit Aftermarket Services.

Goh Poh Loh, Executive Vice President and Head of Component Services at ST Engineering, said: “By bringing together the expertise and solution suites of both companies, ST Engineering and Spirit AeroSystems can cater to much of the nacelle MRO needs of operators in the Middle East. Under such an arrangement, customers can have the convenience of one-stop shop services and yet enjoy a wide scope of services, which we believe is a huge value add that allows airlines to focus better on their flight operations.”

Spirit’s Aftermarket business continues to grow since the acquisition of select Bombardier maintenance, repair and overhaul operations in Belfast, Northern Ireland, and Dallas, Texas; the acquisition of assets from Applied Aerodynamics in Dallas, Texas, USA; and the signing of a joint venture agreement with Evergreen Aviation Technologies Corporation in Taiwan.

Over the last year, Spirit Aftermarket services has opened Spirit Evergreen Aftermarket Solutions (SEAS), a joint venture with Evergreen Aviation Technologies Corp. in Taiwan; signed agreements with Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO) in China, with GMR Aerotechnic in India, and with Jordan Aircraft Maintenance Company (Joramco) in Jordan, to be Spirit Authorized MRO centers; and has signed a MOU with Malaysia Airlines Berhad (MAB) to develop maintenance, repair and overhaul services.

Spirit’s Aftermarket business revenues have grown substantially from $186 million in 2019 to $311 million in 2022.

ST Engineering’s Commercial Aerospace business had revenue of over $2 billion in 2022. Its MRO cluster supports airframe, engine and components globally, and is the world largest airframe MRO solutions provider. Recognized worldwide for its hallmark component MBH™ programs, ST Engineering supports more than 1,000 aircraft and provides integrated component solutions for over 23,500 unique aircraft parts. ST Engineering is also the authorized service center to over 20 leading OEMs. Its Commercial Aerospace business provides around-the-clock support and delivers more than 80,000 components annually from its component MRO facilities located in Asia and Europe. Its global nacelles MRO services operate out of facilities located in the U.S., Asia, and Europe.

Spirit AeroSystems, Inc. ("Spirit"), is a subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (“Spirit AeroSystems”).

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Media: Forrest Gossett

(316) 523-5197

forrest.s.gossett@spiritaero.com

Investor Relations:Ryan Avey

(316) 523-7040

investorrelations@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.

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