Spirit AeroSystems and Progresstech Enter Into Joint Venture

Spirit AeroSystems and Progresstech Enter Into Joint Venture

November 15, 2007

    WICHITA, Kan., Nov. 15 /Xinhua-PRNewswire/ -- Spirit
AeroSystems Holdings, Inc. (NYSE: SPR) and Progresstech LTD
of Moscow, Russia, today announced they have signed an
agreement to enter a joint venture. The new company will be
known as Spirit-Progresstech LLC. Initial work to be
performed is engineering consulting services. The
Spirit-Progresstech LLC Branch Office will be located in
Moscow.

    "Our partnership is mutually beneficial to both
companies, in growing our business and supporting our
customers around the world," said Spirit President and
CEO Jeff Turner. "For Spirit, it will bring access to
engineering talent and developing technologies."

    "We are excited about the prospects that this
venture opens up for our company," said Progresstech
Chairman of the Board Vladimir Kulchitsky. "Spirit
AeroSystems has worked with Progresstech for several years
and this joint venture is a continuation of that teamwork
and success. We will be able to expand global presence and
realize new opportunities."

    Spirit AeroSystems is the world's largest independent
supplier of structures for commercial aircraft. Spirit
designs and builds commercial aircraft components and
assemblies, and designs and builds aircraft production
tooling. In addition, the company does work in military and
general aviation.

    Progresstech Group of Companies was founded on Jan. 3,
1991, and has grown from a small firm specializing in
engineering services, research studies, and airfield
construction into an up-to-date multi-profile company. JV
partner Progresstech LTD, a member of Progresstech Group of
Companies, is one of the largest engineering services
suppliers in Eastern Europe. 

     On the Net:    http://www.spiritaero.com
                   
http://www.progresstech.ru/about_company.html


    For more information, please contact:

     Debbie Gann 
     Spirit AeroSystems
     Tel:    [phone]

     Ekaterina N. Vasilieva 
     Progresstech
     Tel:    [phone]
     Mobile: [phone]