clear
Monday December 11th, 2017 6:28AM

Spirit AeroSystems announces $1B expansion, 1,000 new jobs

By The Associated Press
Related Articles
  Contact Editor

WICHITA, Kan. (AP) — Spirit AeroSystems announced a $1 billion expansion Wednesday that will bring 1,000 new jobs to its aircraft manufacturing plant in Wichita, a move officials say reflects significant growth for the company and the aviation industry in general.

The five-year expansion calls for hiring 800 new employees by the end of 2018 and 200 more the following year. The hourly jobs are estimated to pay around $56,000 annually. The company anticipates to be hiring sheet metal workers, mechanics, composite technicians and machine operators.

Kansas Lt. Gov. Jeff Colyer touted the announcement as one of the most important for the state in years.

"You know, in this very competitive world, this is how we remain the air capital of the world," he said.

The project is the culmination of an economic development deal involving city, county and state officials. The Wichita City Council and Sedgwick County Commission plan to vote on investing up to $14.5 million for joint ownership a new building at the site and other infrastructure needs. It is unclear exactly what incentives Kansas is also offering.

"Today air traffic is growing at 7 percent a year, and that is the one statistic underlying the growth of the industry," Spirit Chief Executive Officer Tom Gentile told government officials and employees.

Boeing and Airbus project that over the next 20 years the industry will need 40,000 new aircraft, he said, noting there are now 26,000 commercial aircraft flying worldwide.

In 2005, Boeing sold its Wichita and Oklahoma operations in a move that spun off the company now known as Spirit AeroSystems. Spirit became an independent supplier of aerostructures for multiple commercial and defense customers.

At the time of that split, Spirit had 7,200 employees and was building 21 Boeing 737 fuselages per month, Gentile said. Today it has more than 11,000 employees and produces 47 of the Boeing 737 fuselages each month. It plans to bump up production to 52 fuselages monthly by next year.

"The amount of growth is continuous. It means we are literally bursting at the seams," Gentile said. "We have a huge campus here in Wichita. We have been at this site since 1928, but we are really out of room."

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News
© Copyright 2017 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Wildfire destroys mobile homes in California retirement park
A brush fire driven by gusty winds that have plagued Southern California all week exploded rapidly Thursday and destroyed dozens of trailer homes in a retirement community north of San Diego
10:57PM ( 14 minutes ago )
Ex-priest convicted of murdering Texas woman in 1960
A former priest has been convicted of the 1960 slaying of a South Texas teacher and one-time beauty queen who was a member of the parish he served
10:50PM ( 21 minutes ago )
The Latest: Elite race horses die in California wildfire
A California wildfire tore through a training center for elite race horses in San Diego County, killing some
10:37PM ( 35 minutes ago )
Associated Press (AP)
Trade for Dee Gordon may help Mariners land Shohei Ohtani
Landing Dee Gordon via trade is an immediate upgrade for the Seattle Mariners but an extra $1 million in international signing bonus pool allocation may prove more important in trying to land Japanese star Shohei Ohtani
8:56PM ( 2 hours ago )
10 Things to Know for Friday
Among 10 Things to Know: Minnesota's Al Franken to quit Senate; House, Senate pass stopgap spending bill; unrest follows US decision to recognize Jerusalem as Israel's capital.
8:41PM ( 2 hours ago )
Interior delays Obama-era regulation on methane emissions
The Interior Department is delaying an Obama-era regulation aimed at restricting harmful methane emissions from oil and gas production on federal lands
8:14PM ( 2 hours ago )
AP Business
Key Republicans oppose effort to reduce corporate tax cut
Key Republican lawmakers oppose efforts to scale back a proposed cut in the corporate income tax rate to pay for other tax breaks
5:35PM ( 5 hours ago )
In the age of Amazon, Walmart is changing its legal name
Wal-Mart Stores Inc. is changing its legal name to reflect its shift away from physical stores
10:50PM ( 1 day ago )
Patagonia joins lawsuits challenging Trump's monument plans
A flurry of lawsuits challenging President Donald Trump's decision to chop up two large national monuments in Utah could finally bring an answer to the much-debated question of whether presidents have the legal authority to undo or change monuments
9:32PM ( 1 day ago )
AP Business - Corporate News
Wildfire destroys mobile homes in California retirement park
A brush fire driven by gusty winds that have plagued Southern California all week exploded rapidly Thursday and destroyed dozens of trailer homes in a retirement community north of San Diego
10:57PM ( 15 minutes ago )
Ex-priest convicted of murdering Texas woman in 1960
A former priest has been convicted of the 1960 slaying of a South Texas teacher and one-time beauty queen who was a member of the parish he served
10:50PM ( 21 minutes ago )
The Latest: Elite race horses die in California wildfire
A California wildfire tore through a training center for elite race horses in San Diego County, killing some
10:37PM ( 35 minutes ago )
Trump celebrates Hanukkah, Jerusalem at White House
President Donald Trump is celebrating an "especially special" Hanukkah at the White House a day after declaring Jerusalem Israel's capital and setting off criticism and clashes
9:57PM ( 1 hour ago )
Brown out: Browns fire VP, coach Jackson keeps job for '18
Winless Browns fire top executive Sashi Brown, but coach Hue Jackson will be back in 2018 despite 1-27 record
9:57PM ( 1 hour ago )