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“Boeing and Spirit will continue to work shoulder to shoulder to mitigate today’s operational challenges,” the company said.
“The agreement strengthens the strategic relationship between Spirit and Boeing for the long-term to fulfill operational commitments and airline expectations.”
President and CEO Patrick Shanahan added that “teams will focus on further generating supply chain performance and resiliency.”
The company also reported preliminary third quarter results, with revenue in the range of $1.43 billion to $1.45 billion, falling slightly short of the estimated $1.51B.
Looking ahead, Spirit Aero Systems anticipates negative free cash flow ranging from $135 million to $140 million.
