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Spirit AeroSystems reaches agreement with Boeing on 787 program

from AviTrader

Spirit AeroSystems has reached an agreement with Boeing regarding certain claims associated with the development and production of the 787-8 airplane in December 2010. "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," said Phil Anderson, Spirit Senior Vice President and Chief Financial Officer. more

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