Spirit AeroSystems expanding in Wichita

Spirit CEO Tom Gentile says the company is

Spirit AeroSystems will also be making a $1-billion capital investment at its Wichita plant over the next five years.

"It reflects the growth of Spirit here in Wichita and also the growth of the aviation industry in general", said Spirit CEO Tom Gentile.

The Wichita-based company said the new jobs will mainly be in the hourly ranks, including skilled sheet metal mechanics, composite technicians and computer numerical control (CNC) machine operators.

"Wichita is our headquarters and the hub of our operations", Gentile said in the news release. "Our workforce is unparalleled, with generations of aircraft employees who have worked in our plant". The company would only say that a news conference was scheduled, but Colyer said a major announcement would be made. The state has not finalized an incentive agreement with Spirit. They will pay on average $56,000 a year, not including bonuses and overtime. The building will be "hundreds of thousands of square feet", Gentile said, adding an exact size has not yet been determined.

Kansas Lt. Gov. Jeff Colyer says a major announcement is planned for Wednesday at Spirit AeroSystems.

Most recently, the company has been building up its defence portfolio, supplying the fuselage for the Bell Helicopter V-280 tiltrotor demonstrator and gaining a coveted position on the secretive B-21 bomber programme.

Related News:

  • HWG Holdings LP Takes $1.96 Million Position in Intuitive Surgical, Inc. (ISRG)

    Tobam holds 0.09% or 2,546 shares in its portfolio. 368 are owned by Baker Boyer Comml Bank. (NASDAQ:AMGN) or 2,453 shares. The lowest price the stock reached in the last trading day was $58.92 and compares with the $57.90 52-week low.
    Boone: 'Chance of lifetime' to manage Yanks

    Boone: 'Chance of lifetime' to manage Yanks

    There, he slipped on the No. 17 pinstripes - again. "The one thing I promise you guys is you'll get all I've got", Boone said. The New York Yankees will officially announce Aaron Boone as their next manager at a press conference Wednesday afternoon.
    Singer John Mayer hospitalized for emergency appendectomy

    Singer John Mayer hospitalized for emergency appendectomy

    The group has been touring since 2015 when the Grateful Dead, the legendary jam rockers of the hippie era, officially retired. Back in April, John Mayer released his seventh solo studio album, The Search for Everything .
  • Miss Universe 2017 to visit Batanes on December  8

    Miss Universe 2017 to visit Batanes on December 8

    Ballesteros transformed himself into newly-crowned Miss Universe 2017 Demi-Leigh Nel-Peters, who hails from South Africa. They will also showcase the work of talented designers from Mindanao in a charity fashion show.

    British govt should apologise for Jallianwala tragedy, says London mayor Sadiq Khan

    Khan, the son of a Pakistani immigrant bus driver in London, also laid a wreath at a memorial to the victims. The Shiromani Gurdwara Parbandhak Committee (SGPC) gave Khan a "siropa" (robe of honour) during the visit.
    [LISTEN] Little Foot fossils unveiled in SA

    [LISTEN] Little Foot fossils unveiled in SA

    The researchers say it has taken 20 years to excavate, clean, reconstruct and analyze the fragile skeleton. Much of the reason this took so long was the extreme caution taken to avoid damaging any sort of fossil.
  • Does Delphi Automotive (NYSE:DLPH) Look Attractive Now? Morgan Stanley Initiates Coverage

    The auto parts company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .

    Lookout for Price Target? NVIDIA Corporation (NVDA), Plains GP Holdings, LP (PAGP)

    The figure allows investors to understand how effectively NVIDIA Corporation is able to convert its money into net income. NVIDIA Corporation on 10/30/2017 reported its EPS as $0.99 with the analysts projecting the EPS of the stock as $0.83.

    Insider BARTLETT STEVE bought 200 Shares Of Ares Capital Corporation (ARCC)

    The stock of Ares Capital Corporation (NASDAQ:ARCC) has "Hold" rating given on Tuesday, November 14 by BMO Capital Markets. Commonwealth Equity Svcs Incorporated has invested 0.03% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC).
  • Scientists discover the universe's most distant supermassive black hole

    Scientists discover the universe's most distant supermassive black hole

    What's more, the Bañados quasar, as it's being dubbed, stems from a particularly mysterious time in the universe's history. Quasars are supermassive black holes at the center of galaxies that actively consume gas and dust .
    Gunners defender Shkodran Mustafi a doubt for Southampton game with thigh problem

    Gunners defender Shkodran Mustafi a doubt for Southampton game with thigh problem

    The Belarussians have kept just two clean sheets in their last 26 European away trips (inc. qualifiers), conceding five goals last time out.

    Jordan Peele's 'Twilight Zone' Revival Ordered by CBS All

    He said it's a good time to revisit the off-kilter world of The Twilight Zone . No premiere date or casting information was announced.


Most liked

Price Target Analysis of Celgene Corporation (NASDAQ:CELG)
Chemical Bank increased its stake in Celgene Corp ( CELG ) by 5.43% based on its latest 2017Q2 regulatory filing with the SEC. The Gateway Investment Advisers Llc holds 524,439 shares with $68.11 million value, up from 488,187 last quarter. (NYSE:PLD).

Pleasing Stock- The Kraft Heinz Company (NASDAQ:KHC)
The analysts, on average, are forecasting a $88 price target, but the stock is already up 7.22% from its recent lows. The company had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $6.44 billion.

Oreo reveals "mystery" flavor
The cookie company confirmed Tuesday that Fruity Pebbles, the popular children's breakfast cereal, was the inspiration for the new flavor .

Most Active Stock: Bank of America Corporation (BAC)
It worsened, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. The stock of Bank of America Corporation (NYSE:BAC) earned "Neutral" rating by Guggenheim on Tuesday, November 15.

South Korea's Kepco beats Chinese in Moorside nuclear race
Kepco plans to finalise the lifeline investment within months in a major boon for Britain's ambitions for a fleet of new nuclear reactors.

Indians to expand fan safety netting at Progressive Field
After the September incident, Yankees officials vowed to take a hard look at extending the protective netting behind home plate. In addition to their project at Yankee Stadium, the Yankees also plan to extend the protective netting at Tampa's George M.

Flaming Stock-:- MGM Resorts International (NYSE:MGM)
The stock of MGM Resorts International (NYSE: MGM ) earned "Buy" rating by Goldman Sachs on Friday, December 16. Nwi Management Lp decreased Mgm Resorts International ( MGM ) stake by 51.31% reported in 2017Q2 SEC filing.

Steam Ends Bitcoin Support
Even with that in mind, Valve likely won't bring Bitcoin back until either its value stops changing so dramatically or its transaction fees go down.

Dragon's Crown Pro Western Release Date Confirmed
For those unfamiliar with the game, it is a 2D hack and slash beat 'em up action game from Vanillaware. This comes after Sony's PlayStation Experience 2017 games list noted it would be at the event.

Saturna Capital CORP Has $51.43 Million Stake in Novo Nordisk A/S (NVO)
When we look at the Volatility of the company, Week Volatility is at 1.13% whereas Month Volatility is at 0.99%. JNBA Financial Advisors' holdings in Novo Nordisk A/S were worth $106,000 as of its most recent SEC filing.

Memorials being held to remember victims of 1989 Montreal Massacre
Family members and loved ones of the women slain will also be present, along with every Montrealer who wishes to attend. In 1991, the Parliament of Canada established this day of remembrance and action on Violence against Women.

EPS for Carnival Corporation (CCL) Expected At $0.51
Finally, Credit Suisse Group reissued a "neutral" rating on shares of Carnival in a research note on Thursday, September 28th. Instinet restated a "buy" rating and issued a $75.00 price target on shares of Carnival in a report on Monday, October 2nd.

Watch Kate McKinnon Do an Impression of Real-Life Superhero Gal Gadot
Time will tell, although "Midwestern Toad Women" sounds like an A+ sketch idea for the next time Gadot hosts. After a lengthy, passionate smooch, " Wonder Woman " declared, "I'm sorry I feel nothing".

Justice League Takes A Big Hit At The Box Office This Weekend
Warner Bros. announced on Tuesday evening that it had surpassed the $5 billion mark at the worldwide box office in 2017. That is only the second time in its history that the studio has crossed this major milestone.

Donald Trump riconosce Gerusalemme quale capitale dello stato d'Israele
La visita ufficiale avviene in occasione del 70/mo anniversario delle relazioni diplomatiche tra Ankara e Amman. Lo hanno fatto credendo che sarebbe servito per la pace .