Spirit AeroSystems closed Q3 with a 30% increase in revenue at $1.3 bn

Spirit AeroSystems recorded a 30% increase in revenue in the third quarter of 2022 as compared to the same time last year. Spirit closed Q3 with a revenue of $1.3 bn and a cash balance of $671 million. Spirit reported that the increase in revenue was primarily due to higher production deliveries on the Boeing 737 program as well as increased aftermarket revenue, partially offset by lower production deliveries on the Boeing 747 program. Tom Gentile, President, and Chief Executive Officer, Spirit AeroSystems said: “While air traffic is recovering, we continue to see disruptions in our factories due to part