Spirit AeroSystems Plots Growth Beyond Its Boeing Roots
Aircraft-component manufacturer Spirit AeroSystems (NYSE: SPR), in the doldrums just a few years ago, has rewarded investors who stayed with the company and had faith it could boost profitability. Spirit will now have to climb out from under the shadow of its former parent if it hopes to soar even higher.
Spirit was formed from a collection of Boeing (NYSE: BA) production lines that were spun out as an independent company in 2005. The company, in its early years, did not make for a very attractive investment. Spirit was overly reliant on its former parent, and much of its business was the sort of low-margin, non-proprietary operation that companies tend to get rid of when doing spinoffs.
Image source: Getty Images.
Source: Fool.com
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