Spirit AeroSystems reviewing major plane programs
May 07, 2013 | 10:07 AM
| 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.
"Were looking at all aspects of the business and were 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 companys major customers, although he didnt give details of the talks.....
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