Spirit AeroSystems Inc. SWOT and PESTLE Analysis

Strength

1. An established aircraft manufacturing company with multiple specializations: Officially founded as a stand-alone company in 2005, Spirit AeroSystems is an aircraft manufacturing and engineering company based in the Wichita, Kansas, USA. The company operates in three principal segments namely Fuselage systems (51% of revenue), Propulsion systems (23% of revenue) and Wing systems (23% of revenue). The Fuselage systems segment include the development, production and marketing for the forward section of the aircraft (which houses cargo area, flight deck and passenger cabin), mid and rear fuselage sections and other structural components of the fuselage such as floor beams. Under the Wings Systems segment, the company develops, produces and markets horizontal and vertical stabilizers, wing structures, flats and slat (flight control surfaces). For the Propulsions Systems, the company provides Nacelles, Struts, Pylons and other structural engine components as well as related spares and MRO services. Under Spirit AeroSystems Manufacturing segment, their expertise lies in large scale complex aerostructures. Its core competencies lie in composites design and manufacturing, mechanized and automated assembly. Large scale skin fabrication, monolithic structures technology and chemical etching among others.

2. An industry leader in aerospace engineering and innovation in original technologies: The Company is an industry leader in aerospace engineering with access to talent across the globe and its industry-leading engineering capabilities are key strategic factors differentiating it from competitors The engineering organization's mission is to provide ongoing support for new and ongoing designs, technological innovation, customer advancements, and manufacturing process improvements. Spirit AeroSystems possesses a broad base of engineering skills for analysis, design, test, certification, tooling, and support of major fuselage, wing, and propulsion assemblies using both metallic and composite materials. In addition, the company’s regulatory certification expertise helps ensure associated designs and design changes are compliant with applicable regulations. The company is also an innovator in latest technologies and develops unique intellectual property and tech to improve customer’s products. Some of the proprietary and patented technologies developed by the company include Inflexion, Spirit Exact, IRIS, Resin Transfer Infusion (RTI), Alloys, Joule Form and Non-Destructive Inspection (NDI).

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Weakness

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Opportunity

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Threat

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Political

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Economic

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Social

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Technological

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Legal

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Environmental

1. With the risk of climate change, companies are striving to become greener: As the cause of climate change is increasingly being owed to the pollution and resource consumption by companies, more and more companies are becoming ‘greener’ in their efforts to reduce their carbon emissions. Spirit AeroSystems initiated a complete conversion to fully renewable wind-generated electricity to power the entire 12.8-million square feet aerospace manufacturing site in Wichita, Kan. The company also achieved 100% renewable power consumption (solar and wind) at its Prestwick site. Spirit AeroSystems received the Sustainable Tulsa’s ‘Henry Bellmon Award’ recognizing the company’s Tulsa site’s commitment to a balanced approach toward responsible economic growth, environmental stewardship and quality of life for all. The company’s Belfast site was additionally recognized as a Top Performer in the 2020 Business in the Community Environmental Benchmarking Survey, which highlighted the site’s leadership in environmental management and quality performance including the fact that 70% of the plant’s electricity was generated from clean energy.

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