Spirit AeroSystems reviewing major plane programs

May 07, 2013 | 10:07 AM | Frank Haflich

Tags  Spirit AeroSystems Holdings, earnings report, Gulfstream Aerospace, Boeing, Airbus, Larry Lawson, Philip Anderson, aerospace Frank Haflich

LOS ANGELES — Aerospace contractor Spirit AeroSystems Holdings Inc. has launched reviews of its major programs as it looks to resolve cost problems.

Spirit, generally regarded as Boeing Co.’s largest airframe subcontractor, posted first-quarter net income of $81.2 million, up 10.3 percent from $73.6 million in the same period last year, on revenue that climbed 13.9 percent to more than $1.44 billion.

"We’re looking at all aspects of the business and we’re not leaving any element of it untouched," president and chief executive officer Larry Lawson said, according to a transcript of an earnings conference call, including discussions with the company’s major customers, although he didn’t give details of the talks.....

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