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Spirit Aerosystems see decline in profit

Spirit Aerosystems, a manufacturer of aircraft structures, recorded a 12 percent profit decrease for the third quarter. Many attribute the drop to the ongoing strike at Boeing—the company’s primary customer.

In last year’s quarterly net report, Spirit Aerosystems profited $84 million, and this year the company has a profit of $74million.  

The ongoing strike at Boeing slowed the deliveries and the services of Spirit Aerosystems. However, that will soon change, because the International Association of Machinists and Aerospace Workers agreed to a tentative contract, pending the approval of the labor union members. If all goes well, the Boeing facilities should be back to standard protocols by Sunday afternoon.