Questions and Answers About the New Spirit AeroSystems ...The Spirit AeroSystems Holdings, Inc....

Questions and Answers About the New Spirit AeroSystems Holdings, Inc. Retirement & Savings Plan Investment Fund Options Here are answers to some common questions about the upcoming Retirement & Savings Plan fund changes. 1. What changes are being made?

Beginning June 1, 2011, the Retirement & Savings Plan investment fund options are changing as follows: Five additional Target Retirement Funds—you’ll have more target dates to

choose from: Current Options New, Additional Options on June 1

SSgA Target Retirement Income Fund SSgA Target Retirement 2015 Fund

SSgA Target Retirement 2010 Fund SSgA Target Retirement 2025 Fund



SSgA Target Retirement 2040 Fund SSgA Target Retirement 2050 Fund New SSgA TIPS Fund—a way to manage inflation risk Replacements of the following two funds:

– Hartford MidCap Fund replaces the Lazard U.S. Mid-Cap Equity Portfolio. – ING Small Company Portfolio replaces the Harbor Small Cap Value Fund.

2. With all the new Target Retirement Fund options, do I really need to make a

change? Having more Target Retirement Funds provides you with an opportunity to fine-tune your investment strategy by choosing the one fund that’s closest to your target retirement date. If one of the current Target Retirement Funds is really close to your target retirement date already, you may not need or want to make a change. However, having more options allows you to pick a Target Retirement Fund that’s even closer to your actual retirement. For example, if you had chosen the 2030 Target Retirement Fund because you think you’ll retire in 2026, and the 2020 fund seemed too conservative, you can now choose the new 2025 Target Retirement Fund.

Spirit AeroSystems Holdings, Inc.

3. Why are the investment fund options changing?

Spirit is committed to providing a choice of the highest-quality funds to help you save for your future. Spirit’s Retirement Committee regularly reviews the Retirement & Savings Plan investment fund options to ensure we’re providing you the highest quality funds in each major category, or asset class.

4. Why are some funds being replaced? In a recent performance evaluation of our plan’s investment fund options, an independent firm reviewed each fund’s investment strategy and consistency of performance over time. As a result of the review, Spirit’s Retirement Committee decided to replace two funds that were not performing as well and instead offer you similar investment fund options with more historically consistent performance.

5. What will happen to any money I have in the Lazard U.S. Mid-Cap Equity Portfolio and the Harbor Small Cap Value Fund, since they are being replaced? If you do nothing, your money in these two funds will be automatically moved, or “mapped,” into the replacement funds on June 1, 2011, as shown below. Money in this fund... Will move to... This new fund...

Lazard U.S. Mid-Cap Equity Portfolio → Hartford MidCap Fund

Harbor Small Cap Value Fund → ING Small Company Portfolio

6. What if I don’t want my money to map to these new funds? If you do not want your money to move into the two new funds, you can move your current balances into any other Retirement & Savings Plan investment fund options. You will need to move your money before the cutoff date, which is May 31, 2011, to avoid having your money mapped over. Of course, you can move your money to another investment fund option any time after June 1, 2011, as well.

7. What’s the difference between the Hartford MidCap Fund and the ING Small Company Portfolio? The Hartford MidCap Fund invests in mid-sized companies that have a market capitalization (estimated worth) between $2 billion and $10 billion. The ING Small Company Portfolio invests in companies with a market value of $1 billion or less. Mid-cap funds tend to offer more growth than large-cap funds and less risk than small-cap funds. Small-cap funds tend to have more growth potential than mid-cap or large-cap funds but also tend to have higher risks. For more information about both of these funds, be sure to read the Fund Fact Sheets.


8. Where can I get more detailed information about each of the new funds? Read the Fund Fact Sheets, available online at http://myrsp.ingplans.com after June 1, 2011. You will also receive a copy of the Fund Fact Sheets for the new funds with the newsletter that will be mailed to your home address in early May. The Fund Fact Sheets have information about each fund’s investments, strategy, historical performance and expense ratios.

9. What is the new SSgA TIPS Fund? TIPS stands for Treasury Inflation Protected Securities. These bonds, issued by the U.S. Treasury, are adjusted based on changes in the rate of inflation. Investing in a TIPS Fund, such as the new SSgA U.S. Inflation Protected Bond Index Fund (SSgA TIPS Fund) can give your portfolio some level of protection against inflation over the long-term. Inflation is an increase in the average cost of goods and services. As inflation increases, the value of money decreases. For investors, that means inflation can erode a portfolio’s purchasing power over time.

10. What is a Target Retirement Fund? Target Retirement Funds take some of the legwork out of choosing your investments and managing your Retirement & Savings Plan accounts. With these funds, you simply choose the one with the year closest to when you plan to retire and the fund will invest your money in a portfolio that’s appropriate for your time horizon. The fund will automatically become more conservative as your retirement date nears. For example, Bob is 32 and plans to retire when he reaches 60, or in 2039. He chooses the SSgA Target Retirement 2040 Fund because it’s closest to the year he plans to retire. Here’s how Bob’s asset allocation will change as he gets closer to age 60:

At age 50

30%60%

10%

At age 60

40%

40%

20%Stock

Bond

Cash

At age 32

90%

10%


11. Are there any other changes being made to the Retirement & Savings Plan at this time? The following funds will move to a new share class: Fund Current Share Class New Share Class

SSgA Passive Bond Market Index Fund Class II Class C

SSgA S&P 500 Fund Class III Class N

Victory Diversified Stock Fund Class A Institutional Class

SSgA S&P Mid-Cap 400 Index Fund Class II Class C

SSgA Russell 2000 Index Fund Class C Class S

Vanguard Total International Stock Index Fund

Investor Shares Class Institutional Class

SSgA Target Retirement Funds (Income, 2010, 2020, 2030, 2040)

Class III Class C

The funds are staying the same—only the share classes are changing. The investment objective, risk level and management of each fund will remain the same. Mutual funds simply offer investors different types of shares in the same fund. See the Fund Fact Sheets for more details.

12. When will the new investment fund options be available? The new investment fund options will be available June 1, 2011.

13. Will there be a blackout period before June 1, when I can’t move my money or make other account changes? No. You’ll be able to access your account and make changes just like on any other day.

14. Where can I get more information? You can contact the Plan Information Line at 1-877-459-3345. Customer Service Associates are available Monday through Friday, from 7:00 a.m. to 7:00 p.m. Central time.

15. Who can I contact for information or advice on investing? You can learn more about your investment fund options on the Plan website at http://myrsp.ingplans.com. For investment advice, the ING Advisor Service is an affordable way to get professional investment advice. You can use the tool on the Plan website home page under My Future or call the Plan Information Line at 1-877-459-3345 and ask to speak with an Investment Advisor Representative.


16. How can I find out if I have money invested in one of the funds that will be replaced? You can view your current Retirement & Savings Plan investments by visiting the Plan website at http://myrsp.ingplans.com or by calling the Plan Information Line at 1-877-459-3345.

17. What happens to my current investments if I do nothing? If one of the investment fund options you have elected is no longer being offered and you do not make a new choice, your balance in that fund will automatically be moved to the fund that most closely matches your current selection, as shown below, after 3:00 p.m. Central time on May 31, 2011. Money in this fund... Will move to... This new fund...

Lazard U.S. Mid-Cap Equity Portfolio → Hartford MidCap Fund

Harbor Small Cap Value Fund → ING Small Company Portfolio

18. What do I need to do? You may not need to take any action. Be sure to review the newsletter that will be sent to your home address in early May for details on how your current investments will move to the new funds. If you want to invest in new funds, you can make those changes beginning June 1, 2011, by visiting the Retirement & Savings Plan website at http://myrsp.ingplans.com or by calling the Plan Information Line at 1-877-459-3345. You can change your investment fund options any time by visiting the Retirement & Savings Plan website at http://myrsp.ingplans.com or by calling the Plan Information Line at 1-877-459-3345.

NewSpirit AeroSystems Holdings, Inc.Retirement &

Savings PlanInvestment Options

What You Need to Do

You do not need to do anything right now. You’ll receive more detailed information about the upcoming changes in mid-May. Meanwhile, this is a great time to review your current investments to make sure your portfolio is diversified and on track with your long-term goals.

To access your account and review your current investments, visit the Plan website at http://myrsp.ingplans.com or call the Plan Information Line at 1-877-459-3345. Customer Service Associates are available Monday through Friday, from 7:00 a.m. to 7:00 p.m. Central time (except on days the New York Stock Exchange is closed).

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Changes to Give You More Choice The Spirit AeroSystems Holdings, Inc. Retirement & Savings Plan fund options will be changing on June 1, 2011 to give you more flexibility in your investment options.

You’ll have access to additional Target Retirement Funds, which many of you are invested in now, and a new Bond fund option to help protect your savings during times of fluctuations and inflation. We’ve also looked at all the funds in the Plan, including their performance history, and are replacing two performance lagging funds.

What’s Changing

Below is a preview of the June 1, 2011 changes to your Retirement & Savings Plan investment options.

■■ Five additional SSgA Target Retirement Funds. SSgA Target Retirement Funds are the simplest way to manage your account. You choose one fund based on your anticipated retirement date, and it provides an automatic investment mix that gets more conservative as you approach your target retirement date. To help you get the mix that most closely matches your expected retirement date, we’re adding five additional options.

Current Options New, Additional Options on June 1

SSgA Target Retirement Income Fund } SSgA Target Retirement 2015 Fund

SSgA Target Retirement 2010 Fund } SSgA Target Retirement 2025 Fund




■■ New SSgA U.S. Inflation Protected Bond Index Fund (SSgA TIPS Fund). This new type of investment option is a Bond fund that offers some level of protection against inflation over time.

■■ Fund Replacements. In a recent performance evaluation of our Plan’s investment options, an independent firm reviewed each fund’s investment strategy and consistency of performance over time. As a result of the review, we’re making several changes to bring you similar investment options with more historically consistent performance.

– The Lazard U.S. Mid-Cap Equity Portfolio will be replaced by the Hartford Mid-Cap Fund

– The Harbor Small Cap Value Fund will be replaced by the ING Small Company Portfolio

Consistent performance against benchmarks is important. That’s why Spirit’s Retirement Committee regularly reviews the Retirement & Savings Plan investment options to ensure we’re providing you the highest-quality funds in each major asset class.

New Retirement & Savings Plan Investment Options

No action is required at this time; we are just notifying you of the upcoming changes. You’ll receive further information about the changes over the next several weeks.

Questions and Answers About the New Spirit AeroSystems ...The Spirit AeroSystems Holdings, Inc....

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