Orizon Aerostructures signs agreement to purchase Spirit AeroSystems' Chanute operations

Newly formed Orizon Aerostructures has signed an agreement to purchase Spirit AeroSystems’ Chanute operations, expanding on its June announcement to establish an aerospace manufacturing facility in Chanute, Kan. As part of the agreement, Spirit’s Chanute statement of work will transition under the new company name Orizon Aerostructures – Chanute, Inc. Current Spirit employees in Chanute will transfer to Orizon as part of the divestiture. The transaction will take effect Sept. 30, 2016. “This agreement aligns with our fabrication strategy and will allow Spirit to better serve its customers through improved efficiencies while ensuring Spirit employees in Chanute transition to Orizon Aerostructures,” said Ron Rabe, Spirit’s senior vice president for operations. “The Spirit Chanute divestiture presents an opportunity for Orizon to grow its aerospace operations as part of Spirit’s supply chain. We wish Orizon success in this venture and look forward to working with them along with the City of Chanute and the Kansas Department of Commerce to make this a smooth and successful transition.” About 35 Spirit employees are currently working at the Spirit Chanute site.