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SPIRIT AEROSYSTEMS IN NEW AGREEMENT WITH BOEING FOR 787 PROGRAM

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SPIRIT AEROSYSTEMS IN NEW AGREEMENT WITH BOEING FOR 787 PROGRAM

Spirit AeroSystems has developed and agreed a new framework with Boeing over the development and production of the 787-8.

"Working closely with our largest customer, we have developed a fair and equitable framework that reflects current program financial realities and reinforces a partnership that provides the basis for long-term value creation on the program for both Spirit and Boeing," says Phil Anderson, Spirit senior vice president and chief financial officer.

Spirit AeroSystems designs and builds the composite forward fuselage, engine pylons, and wing leading edge components for the 787 program.