Oct. 26, 2012 (Shareholders Foundation) -- An investigation on behalf of investors of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) shares over potential securities laws violations by Spirit AeroSystems Holdings, Inc. and certain of its directors and officers in connection certain financial statements was announced .

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) concerning whether a series of statements by Spirit AeroSystems Holdingsregarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported that its annual Revenue rose from over $3.77 billion in 2008 to over $4.86 billion in 2011. However, its Net Income over the respective time periods fell from $265.40 million in 2008 to $192.40 million in 2011.

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) grew from as low as $8.32 in March 2009 to as high as $26.06 in February 2011.

Then on July 20, 2011, Spirit AeroSystems Holdings, Inc. (NYSE:SPR) announced that it will record a pre-tax charge of approximately $53 million, or $0.26 per share in the second quarter 2011 as it recognizes additional cost growth on the Gulfstream G250 wing program and establishes program management and production at its North Carolina facility.

On August 4, 2011, Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported its second quarter 2011 financial results. Among other things, Spirit AeroSystems Holdings, Inc. also lowered its 2011 EPS guidance.

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) declined from $22.30 on July 1, 2011, to $14.63 per share on August 19, 2011.

Then on November 3, 2011, Spirit AeroSystems Holdings, Inc. reported its third quarter 2011 financial results. Among other things, Spirit AeroSystems Holdings, Inc. also raised its FY 2011 Revenue guidance and reaffirmed its FY 2011 EPS guidance. On February 9, 2012, Spirit AeroSystems Holdings, Inc. reported its fourth quarter and Full-year 2011 financiual results. It said the results
reflect strong revenue growth on higher ship set deliveries and solid core operating performance.

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) grew from under $15 in August 2011 to as high as $25.63 per share in March 2012 and continued to trade for the next few months well above $22 per share.

Then on October 25, 2012, Spirit AeroSystems Holdings, Inc. (NYSE: SPR) announced that it expects to record pre-tax charges of approximately $590 million, which will be included in the companys third quarter 2012 financial results

Spirit AeroSystems Holdings, Inc said it expects pre-tax charges of approximately $184 million on the 787 program; $163 million on the G650 Wing program; $151 million on the BR725 (Engine Nacelle Package for the G650); $88 million on the G280 Wing program; and $4 million on other combined programs.
During a conference call the Chief Executive Officer of Spirit AeroSystems Holdings, Inc said that he is extremely disappointed in how [they]ve managed this complexity and that he underestimated the organizational learning required

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) dropped from $21.66 per share on October 24, 2012 to as low as $14.34 per share on October 25, 2012.