Boeing, Spirit Agree On 787 Compensation

By Michael Mecham

Boeing has reached an agreement valued at “hundreds of millions” of dollars with Spirit AeroSystems, the second of its major outside airframe suppliers to be compensated for 787 program delays, which are approaching three years past the original goal for initial deliveries.

Terms were not disclosed. Spirit Senior VP and CFO Phil Anderson called the agreement a “fair and equitable ...

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