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SPIRIT AEROSYSTEMS Spirit AeroSystems Holdings , Inc. 3801 S. Oliver Wichita , KS 67210 www.spiritaero.com Exhibit 99.1 NEWS RELEASE P.O.Box 780008 MC K12-14 / Wichita , Kansas 67278-0008 www.spiritaero.com · • • • • Spirit AeroSystems Reports Second Quarter 2021 Results Delivered 243 shipsets , compared to 159 in Q2 2020 ; delivered 35 737 shipsets in Q2 2021 compared to 19 in Q2 2020 and 29 in Q1 2021 Revenue of $ 1 billion in Q2 2021 , compared to $ 645 million in Q2 2020 and $ 901 million in Q1 2021 Cash used in operations improved by $ 200 million from Q2 2020 and $ 142 million from Q1 2021 Cash guidance unchanged : full - year 2021 cash used in operations is expected to be between $ ( 50 ) to $ ( 150 ) million ; full - year 2021 free cash flow * is expected to be between $ ( 200 ) and $ ( 300 ) million EPS of $ ( 1.30 ) in Q2 2021 compared to $ ( 2.46 ) in Q2 2020 ; Adjusted EPS * of $ ( 0.31 ) in Q2 2021 compared to $ ( 2.28 ) in Q2 2020 Wichita , Kan . , August 4 , 2021 - Spirit AeroSystems Holdings , Inc. ( NYSE : SPR ) ( “ Spirit ” or the " Company " ) reported second quarter 2021 financial results . Table 1. Summary Financial Results ( unaudited ) 2nd Quarter Six Months ( $ in millions , except per share data ) Revenues Operating Loss Operating Loss as a % of Revenues Net Loss Net Loss as a % of Revenues 2021 2020 Change 2021 2020 Change $ 1,002 $ 645 55 % $ 1,903 $ 1,722 ( $ 98 ) ( $ 367 ) 73 % ( $ 224 ) ( $ 535 ) 11 % 58 % ( 9.7 % ) ( 56.9 % ) ** ( 11.8 % ) ( 31.0 % ) ** ( $ 135 ) ( $ 256 ) 47 % ( $ 307 ) ( $ 419 ) ( 13.5 % ) ( 39.7 % ) ( 16.1 % ) ( 24.3 % ) 27 % 820 BPS Loss Per Share ( Fully Diluted ) Adjusted Loss Per Share ( Fully Diluted ) * ( $ 1.30 ) ( $ 2.46 ) 47 % ( $ 2.95 ) ( $ 4.04 ) 27 % ( $ 0.31 ) ( $ 2.28 ) 86 % ( $ 1.51 ) ( $ 3.12 ) 52 % Fully Diluted Weighted Avg Share Count 104.2 103.9 104.2 103.8 ** Represents an amount equal to or in excess of 100 % or not meaningful . “ With continued improvement in domestic air traffic , we are seeing strong recovery in narrowbody production rates as compared to a year ago , which is leading to improved cash flow performance , " said Tom Gentile , Spirit AeroSystems President and Chief Executive Officer . " As a result of our ongoing engagement with Boeing on the 787 program , we identified an additional issue in the forward section of the fuselage . We continue to coordinate with Boeing to * Non - GAAP financial measure , see Appendix for reconciliation 1