In early April, when Larry Lawson arrived at Spirit AeroSystems, the company had completed a quarter with earnings, revenues, operating margins and deliveries that exceeded analysts' expectations. So the new president and CEO began his tenure with a built-in lift from the previous year's troubles—a $590 million pre-tax charge for failing to meet delivery and cost targets—that prompted his arrival. Still, cost pressures are not going away. Referencing “the reality we all face,” Boeing ...


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