Page 1

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 Third Quarter 2021 Results Delivered 250 shipsets , compared to 206 in Q3 2020 ; delivered 47 737 shipsets in Q3 2021 compared to 15 in Q3 2020 Revenue of $ 980 million in Q3 2021 , compared to $ 806 million in Q3 2020 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 $ ( 1.09 ) in Q3 2021 compared to $ ( 1.50 ) in Q3 2020 Established business divisions to focus on key growth markets : Commercial , Defense & Space , and Aftermarket ; Segment reporting change beginning Q4 2021 Wichita , Kan . , November 3 , 2021 - Spirit AeroSystems Holdings , Inc. ( NYSE : SPR ) ( " Spirit ” or the " Company " ) reported third quarter 2021 financial results . Table 1. Summary Financial Results ( unaudited ) 3rd Quarter Nine 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 $ 980 $ 806 22 % $ 2,883 $ 2,528 14 % ( $ 157 ) ( $ 177 ) 11 % ( $ 380 ) ( $ 711 ) 47 % ** ( 16.0 % ) ( 21.9 % ) 590 BPS ( 13.2 % ) ( 28.1 % ) ( $ 114 ) ( $ 156 ) 27 % ( $ 421 ) ( $ 574 ) 27 % ( 11.6 % ) ( 19.3 % ) ** ( 14.6 % ) ( 22.7 % ) 810 BPS Loss Per Share ( Fully Diluted ) ( $ 1.09 ) ( $ 1.50 ) 27 % ( $ 4.04 ) ( $ 5.53 ) 27 % Adjusted Loss Per Share ( Fully Diluted ) * ( $ 1.13 ) ( $ 1.34 ) 16 % ( $ 2.59 ) ( $ 4.45 ) 42 % Fully Diluted Weighted Avg Share Count 104.3 103.9 104.2 103.8 ** * Represents an amount equal to or in excess of 100 % or not meaningful . " Despite the challenges over the past two years we have been making a number of transformative changes . We maintained momentum on our strategy to diversify and grow , which we believe will position us to emerge stronger as the aviation industry recovers , " said Tom Gentile , Spirit AeroSystems President and Chief Executive Officer . " Given the changes in our business , we decided we were at the right point to organize around three new business segments . Beginning with the 2021 fiscal year - end , Spirit will report results in the Commercial , Defense & Space and Aftermarket segments . In line with these reporting segments , we also announced a new organizational structure to focus on growth in these key markets . " * Non - GAAP financial measure , see Appendix for reconciliation 1