Spirit AeroSystems’ Shipset Deliveries (2016-2023)

This statistic highlights Spirit AeroSystems’ Shipset Deliveries, split across A220, A320 Family, A330/340, A350 XWB, B737, B747, B767, B777, B787 and Business/Regional Jets, reported on a quarterly basis from Q1 2016 onwards.

Spirit AeroSystems is one of the largest manufacturers of aerostructures for premier aircraft in the world. The core products produced by the company include pylons, nacelles, fuselages, and wing components.

Spirit AeroSystems’ Shipset Deliveries

(all figures are in absolute terms)

The above table shows AeroSystems’ Shipset Deliveries for Q4 2020, Q3 2021, and Q4 2021. The total deliveries of shipset by the company has increased constantly throughout the years. It rose from 231 deliveries delivered in Q4 2020 to 266 deliveries in Q4 2021. Depicting a yearly increase of 15.15%. The deliveries also increased by 6.4% compared to 250 deliveries in Q3 2021.

Total deliveries of the company to Boeing, business regional aircraft, and Airbus decreased during Q3 2021 for A350 XWB, B747, B777, and B787, compared to the final quarter of the year 2020, primarily the total decrease was driven by B787 and B777 programs. The most drastic increase in the number of deliveries is from B737 which increased from 19 deliveries in Q4 2020 to 51 deliveries in Q4 2021. However, Business and regional jets saw a downfall from 47 deliveries in Q4 2020 to 27 deliveries in Q4 2021.

Spirit Aerosystem’s shipset deliveries can be further bifurcated into the following:

A220

The deliveries from A220 has been continuously increasing. In Q4 2021, % of the total deliveries was done by A220, amounting to 17 deliveries. On a year-on-year basis, the number of deliveries increased from 11 deliveries in Q4 2020 to 17 deliveries in Q4 2021, making a rise of 54.54%. When compared quarterly, the number of deliveries increased by 41.67%, as compared 12 deliveries in Q3 2021.

• For measuring production or shipset deliveries of the Boeing aircraft in a particular period, the word “shipset” is referred to the set of structured fuselage components that are produced or delivered for an aircraft in that period.
• For measuring production or shipset deliveries of the Airbus and business regional jet aircraft in a particular period, the word “shipset” is referred to all structured aircraft components that are produced or delivered for an aircraft in that period.
• All the other components that are part of the same aircraft shipset are allowed to be produced and shipped earlier or later in accounting periods than the components used for measuring production or shipset deliveries which might result in variation in production or delivery quantities of multiple shipset components in the particular period.

Impact of COVID-19

At the beginning of Q1 2020, the company’s clients which include Boeing and Airbus have significantly declined the overall production rates because of the COVID-19 pandemic. The business of the company is largely dependent on the sale of components of a single aircraft program. There has been a significant reduction in the production rate of the B737 MAX and additional suspension, fluctuation in the B737 MAX production rate, the company might face financial and disruption risk and affect the ability of the company to comply with its contractual obligations.

About the Company

Spirit AeroSystems is an American aerostructures manufacturer for business/regional jets, commercial airplanes, and defense platforms, it constructs several important Boeing aircraft pieces such as portions of the 787 fuselage, the fuselage of the 737, and the cockpit section of the fuselage of almost all the airliners. The company also produces front wing spars and fuselage sections for Airbus A350.
The company is headquartered in Wichita, Kansas, United States, and also has facilities in the United Kingdom, France, Morocco, and Malaysia. It was founded in 2005 and its common stock is listed on New York Stock Exchange (NYSE) under the ticker symbol “SPR”. The main competitors of the company are Triumph Aerostructures- Vought Aircrafts, Leonardo, Kawasaki Heavy Industries, and Collins Aerospace.

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