LMI Aerospace Announces Strategic Agreement With Spirit AeroSystems

ST. LOUIS, Feb. 9, 2015 (GLOBE NEWSWIRE) — LMI Aerospace, Inc. (Nasdaq:LMIA) (“LMI” or the “Company”), a leading supplier of structural assemblies, kits and components and provider of design engineering services to the aerospace and defense industries, today announced that it has signed an agreement with Spirit AeroSystems Inc. (NYSE:SPR) (“Spirit”) to a become strategically aligned partner.

“Spirit is one of LMI’s longest and most valued relationships,” said Dan Korte, Chief Executive Officer of LMI. “We are excited about our mutual commitment to this partnership.”

The agreement supports a longer relationship for the two companies. “It’s exciting to extend our partnering relationship with LMI. We at Spirit value their sustained commitment to high standards of quality and delivery dependability, and with our increasing production volumes, we will rely on it,” said Alan Young, Chief Procurement Officer/VP Spirit Global Supply Chain.

The majority of the components and assemblies covered by this agreement support the Boeing 737NG, 737MAX, 777 and 787 aircraft.