Several U.S. aviation companies are set to head to the Paris Air Show, which kicks off next week at Le Bourget Airport in France. Spirit AeroSystems, Textron Aviation and Bombardier Commercial Aircraft all plan to have a presence at the show, and a number of aircraft executives and economic development officials from Wichita, Kan., also plan to attend.
Spirit AeroSystems has named Larry Lawson as its next president and CEO. Lawson is executive vice president of Lockheed Martin's aeronautics segment. "He's an extremely dynamic and knowledgeable executive who understands every facet of supply, manufacturing and marketing," said defense industry analyst Loren Thompson.
Airbus is in discussions with Spirit AeroSystems about buying a Spirit assembly plant in France, according to French media reports. The plant assembles the center fuselage section for the Airbus A350 XWB. Neither Spirit nor Airbus would confirm the reports.
Spirit AeroSystems posted $5.4 billion in revenue for 2012, a record for the Wichita, Kan.-based manufacturer. It also reported net income of $35 million for the year. "Spirit's strong core business performance in 2012 continues to deliver the results we expect," said Jeff Turner, Spirit CEO and president, in a statement.
Spirit AeroSystems' professional and technical union sent a message to investors saying that the firm was on the "verge of a strike that would shut down operations" in the U.S and overseas. The e-mail message might have contributed to the drop in the company's shares late last week. Spirit's 9 1/2-year contract offer was rejected last month by members of the Society of Professional Engineering Employees in Aerospace.