Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Q4 2022 Earnings Call Transcript

Peter Arment: Thanks so much. Hey Tom, just quickly, just on the rate breaks going to 38 and then eventually 42, historically, we’ve always kind of understood that kind of they’ve done a little more methodically kind of at least six-month increments. It seems like August and October pretty close. Just maybe if you want to highlight how you’re thinking about that or whether I’m wrong in my assumption on those rate break increments?

Tom Gentile: It’s closer than we — yes thanks, Peter. It is closer than we would normally do. But that’s why we’ve made the investment now in getting up to the 42 headcount so that we can practice cycling there essentially all year, that will help us do the 38 break in August and then to go to 42 in October. So, it’s a little closer, but because we have the 42 heads now which is well in advance of when we would normally have them, we were confident that we could do that, and we discussed it in a lot of detail with Boeing, and we both agreed that, that was the right plan.

Peter Arment: Appreciate the color. Thanks Tom.

Tom Gentile: thank you.

Operator: Thank you. We have no further questions on the line. Ladies and gentlemen, this concludes today’s call. Thank you for joining. You may now disconnect your lines.