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Wichita, KS (2017)

Spirit AeroSystems

NMTC financing allowed Spirit AreoSystems to expand theircurrent facility to allow for increased ability to design, fabricate, and assemble large-scale aerostructures within various business segments.

Investment

  • NMTC Amount: $15,230,000
  • Total Project Cost: $214,838,310

IMPACT

  • 510 FTE jobs
  • 240 construction jobs

Investor

https://www.youtube.com/watch?v=2ofDHkY1NTI

Project Description

NMTC financing allowed Spirit AreoSystems to expand their current facility to allow for increased ability to design, fabricate, and assemble large-scale aerostructures within various business segments. This investment enables Spirit to purchase new equipment to meet rate increase requirements, win new content on existing aircraft platforms, and be a top-tier supplier for clean sheet programs. Spirit has long-term agreements with Boeing and Airbus and is entering contracts with the U.S. Military. The Project is an expansion and upgrade of the two existing plants to assist in developing new product lines and an expedited manufacturing rate. Working with the City of Wichita to include a water reclamation process to reuse the post processing sewage wastewater, along with a full conversion to LED lighting. The expansion has enhanced economic activity across Kansas as Spirit works with 470 Kansas-based suppliers. Without the NMTC Financing to reduce the costs of the project, Spirit was looking at expanding its operations in a facility outside of the United States to make it more costs affordable, this would have led to the elimination of 250 jobs in addition to not creating the 260 FTE jobs that the project has created. In addition, to the direct jobs created by this Project financing, the project has spurred additional job growth at the Spirit facility, which has gone form 10,584 employee sat the NMTC closing to 12,880 at year-end 2018.

MAP

Address: 3801 South Oliver Street, Wichita, KS 67210

Census Tract: 20173006600

PDF Profile

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