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In his final weeks as chief executive, Tom Gentile on September 7 declared its contracts for Spirit’s carbon fiber composite work on the 787, A350 and A220 “not sustainable” and said it had entered into negotiations with Boeing and Airbus to rework the agreements that have left it underwater.
Related: Spirit AeroSystems settles back into Boeing’s orbit
Spirit concluded a revised agreement with Boeing in October, but now has to negotiate a similar comprehensive deal with Airbus. “This is an item of utmost urgency for me personally, and I will be — if not leading — very deep in these conversations and discussions,” said Spirit’s new interim CEO Pat Shanahan on the company’s November 1 third quarter earnings call.
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