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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/01/14 Spirit AeroSystems Holdings, Inc. 10-Q 7/03/14 100:19M Workiva Inc |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 953K 2: EX-10.2 Material Contract HTML 189K 3: EX-10.3 Material Contract HTML 48K 4: EX-10.4 Material Contract HTML 69K 5: EX-31.1 Certification -- §302 - SOA'02 HTML 31K 6: EX-31.2 Certification -- §302 - SOA'02 HTML 31K 7: EX-32.1 Certification -- §906 - SOA'02 HTML 27K 8: EX-32.2 Certification -- §906 - SOA'02 HTML 27K 69: R1 Document and Entity Information HTML 54K 56: R2 Consolidated Statements of Operations (Unaudited) HTML 81K 67: R3 Consolidated Statements of Comprehensive Income HTML 47K (Unaudited) 72: R4 Consolidated Statements of Comprehensive Income HTML 31K (Unaudited) (Parentheticals) 91: R5 Consolidated Balance Sheets (Unaudited) HTML 146K 58: R6 Consolidated Balance Sheets (Unaudited) HTML 45K (Parenthetical) 66: R7 Consolidated Statements of Cash Flows (Unaudited) HTML 137K 51: R8 Organization and Basis of Interim Presentation HTML 41K 40: R9 New Accounting Pronouncements HTML 37K 92: R10 Changes in Estimates HTML 36K 74: R11 Severe Weather Event HTML 29K 73: R12 Accounts Receivable, net HTML 44K 79: R13 Inventory HTML 203K 80: R14 Property, Plant and Equipment HTML 49K 77: R15 Other Assets HTML 59K 81: R16 Milestone Revenue Recognition HTML 29K 68: R17 Advance Payments and Deferred Revenue/Credits HTML 42K 70: R18 Government Grants HTML 37K 76: R19 Fair Value Measurements HTML 97K 100: R20 Derivative and Hedging Activities HTML 65K 87: R21 Investments HTML 61K 62: R22 Debt HTML 75K 75: R23 Pension and Other Post-Retirement Benefits HTML 70K 64: R24 Stock Compensation HTML 43K 31: R25 Income Taxes HTML 42K 88: R26 Equity HTML 123K 96: R27 Related Party Transactions HTML 34K 46: R28 Commitments, Contingencies and Guarantees HTML 55K 45: R29 Other Income (Expense), Net HTML 45K 49: R30 Segment Information HTML 106K 50: R31 Condensed Consolidating Financial Information HTML 783K 52: R32 New Accounting Pronouncements (Policies) HTML 38K 23: R33 Accounts Receivable, net (Tables) HTML 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HTML 45K 54: R53 Inventory (Details) HTML 47K 16: R54 Inventory (Details 1) HTML 79K 20: R55 Inventory (Details 2) HTML 31K 47: R56 Inventory (Details 3) HTML 32K 26: R57 Inventory (Details 4) HTML 35K 93: R58 Property, Plant and Equipment (Details) HTML 48K 59: R59 Property, Plant and Equipment (Details Textual) HTML 33K 78: R60 Other Assets (Details) HTML 55K 38: R61 Other Assets (Details Textuals) HTML 29K 41: R62 Milestone Revenue Recognition (Details) HTML 31K 84: R63 Advance Payments and Deferred Revenue/Credits HTML 36K (Details) 82: R64 Government Grants (Details) HTML 32K 61: R65 Government Grants (Details 1) HTML 31K 83: R66 Government Grants (Details Textuals) HTML 26K 37: R67 Fair Value Measurements (Details) HTML 54K 65: R68 Derivative and Hedging Activities (Details) HTML 35K 95: R69 Derivative and Hedging Activities (Details 1) HTML 31K 19: R70 Derivative and Hedging Activities (Details HTML 36K Textual) 30: R71 Investments (Details) HTML 78K 55: R72 Debt (Details) HTML 63K 25: R73 Debt (Details Textual) HTML 118K 98: R74 Pension and Other Post Retirement Benefits HTML 52K (Details) 34: R75 Stock Compensation (Details) HTML 57K 27: R76 Income Tax (Details) HTML 43K 29: R77 Equity (Details) HTML 82K 21: R78 Related Party Transactions (Details) HTML 31K 24: R79 Commitments, Contingencies and Guarantees HTML 54K (Details) 71: R80 Other Income (Expense), Net (Details) HTML 37K 28: R81 Segment Information (Details) HTML 97K 94: R82 Condensed Consolidating Financial Information HTML 400K (Details) 97: XML IDEA XML File -- Filing Summary XML 142K 18: EXCEL IDEA Workbook of Financial Reports XLSX 409K 43: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 3.66M 9: EX-101.INS XBRL Instance -- spr-20140703 XML 4.86M 11: EX-101.CAL XBRL Calculations -- spr-20140703_cal XML 268K 12: EX-101.DEF XBRL Definitions -- spr-20140703_def XML 630K 13: EX-101.LAB XBRL Labels -- spr-20140703_lab XML 1.89M 14: EX-101.PRE XBRL Presentations -- spr-20140703_pre XML 1.04M 10: 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SPR_2014.07.03-EX10.2 |
A. | Boeing and Seller have entered into an agreement SBP-MS-65530-0016 (SBP), GTA-BCA-65530-0016 (“GTA”) and AA-65530-0016 (AA) and all attachments and amendments
thereto “Sustaining Contract” for Seller to provide product for current model aircraft and derivatives of those models. |
B. | Seller currently supplies Products to Boeing under the Sustaining Contract in support of the current production 737 model aircraft. |
C. | Boeing is seeking to develop, design and manufacture an aircraft currently designated
as the 737 MAX to be sold under the 737-7, 737-8 and 737-9 designations (the “737 MAX Program”). |
D. | Boeing and Seller entered into interim pricing agreements documented under Contract Change Notice(s) (CCN) 6818 and 8015 against the Sustaining Contract for a portion of the costs incurred for design, stress and manufacturing engineering for fuselage, wing, thrust reverser and pylon Statements of Work (SOW) through December 31, 2013, the remainder of such costs the parties wish to account for in Section 2.2 of this
MOA. |
E. | Boeing and Seller entered into an interim pricing agreement documented under CCN 7586 against the Sustaining Contract for a portion of the costs incurred for the [*****] Thrust Reverser Statement of Work, the remainder of such costs the Parties wish to account for in Sections 2.2 and 10.0 of this MOA. |
F. | Boeing and Seller wish to establish non-recurring pricing based upon the provisions of the Sustaining Contract
and this MOA in support of Boeing’s 737 MAX Program for the 737-7, 737-8 and 737-9 MAX models. |
1.0 | APPLICABILITY AND DEFINITIONS |
1. | Applicability |
1. | This MOA pertains
only to the 737 MAX Program and does not alter any existing agreements relating to other items in the Sustaining Contract. |
2. | This MOA only pertains to the non-recurring pricing for the 737 MAX Program. |
3. | Capitalized terms used herein but not otherwise defined shall have the meaning set forth in the Sustaining Contract. |
2. | Definitions |
1. | “Amended
Type Certification” (ATC) means the date upon which type certificate amendment is received from the applicable regulatory body for the modified aircraft design. |
2. | “Baseline Statement of Work (BSOW)”: The total requirements set forth in Section 3.0 and Section 4.0 including any referenced Boeing specifications, documents, designs or manuals. |
3. | [*****]: The statement of work relating the titanium inner-wall for the aircraft described in the BSOW, which the Parties anticipate at this time to be performed by [*****]. |
4. | “Initial Tooling”: All Tooling required for the first 737-8 Shipset unit and/or Engine Development Program (EDP) hardware, and such term shall subsequently apply to the 737-9 and 737-7. |
5. | “Non-Recurring-Non-Tooling Work”: Any Nonrecurring Work relating to the BSOW, other than
Non-Recurring Tooling Work, including, but not limited to, design engineering, stress engineering, project manufacturing engineering, process manufacturing engineering, First Article Inspection, other IPT, and NC programming. |
6. | “Non-Recurring Tooling Work”: Any Nonrecurring Work relating to Tooling under the BSOW, including, but not limited to, tool design, tool fabrication, assembly tooling, integration tooling, detail tooling, and rotable tooling, but replacement of Tooling at end of useful life is not included and is not dispositioned as part of this MOA. Non-Recurring Tooling Work includes Tooling work performed by Seller’s vendors. |
7. | “[*****]
Amount ([*****] Amount)”: As applicable, the Initial Tooling [*****] Amount or the Rate Tooling [*****] Amount, in each case as set forth in Exhibit A. |
8. | “Rate Tooling”: All Tooling, other than the Initial Tooling, required to support the build rate for the 737-8 aircraft. |
2.0 | TERM AND CCN RECONCILIATION |
1. | Effectiveness |
2. | CCN Reconciliation |
3.0 | NON-RECURRING-NON-TOOLING
STATEMENT OF WORK |
1. | In performance of the BSOW, Spirit shall perform to the applicable requirements and obligations set forth in the following documents In accordance with the delegated engineering requirements contained in the Sustaining Contract: |
1. | The work depicted in the current revision of the 737 MAX Configuration Control Document (CCD) [*****] for 737-8, [*****] for 737-7, and [*****] for 737-9 Fuselage, Propulsion, and Wing Statements
of Work; |
2. | Fuselage Structures System Requirements and Objectives (SR&O) 737 MAX Document [*****], Structures Fuselage Criteria Document [*****], Propulsion Specification Documents [*****],[*****],[*****]; and |
3. | The 737-8 Engineering Bill of Material (BOM) submitted by Seller, and listed in Exhibit [B]. |
4. | In
the event Seller is unable to comply with any requirement, Boeing and Seller’s engineering representatives will work together to define a mutually agreeable solution. |
2. | Program Schedule Baseline: Program baseline schedules as contained in Exhibit D. |
3. | The Parties agree the documents set forth in this Section 3 are the versions existing as of June 2013. |
4.0 | NON-RECURRING
TOOLING STATEMENT OF WORK |
1. | The Tooling Baseline consists of: |
1. | CCD [*****], with proposed revisions, submitted with letter [*****]; |
2. | The
737-8 Engineering Bill of Material (BOM) submitted by Seller, associated with CCD [*****], as set forth in Exhibit [B]; |
3. | The Tooling List submitted by Seller, associated with CCD [*****] as set forth in Exhibit [C]; and |
4. | The August 1, 2013 version of the 737MAX Baseline Master Phasing Plan MPP, Rev B, initially dated June 28, 2012, as set forth in Exhibit [D]. |
2. | For
the avoidance of doubt, the BSOW referenced here is for the 737 MAX-8 Non-Recurring Work. Pricing, ground rules, statements of work, unique terms and non-recurring price for the other 737 MAX minor models will be subsequently agreed and incorporated into this MOA at a later date |
5.0 | PAYMENT FOR NON-RECURRING-NON-TOOLING WORK |
1. | Payment |
1. | Boeing
will reimburse Seller for all costs incurred less any rebates and discounts in performance of the Non-Recurring-Non-Tooling Work up to [*****], including, but not limited to, [*****], all as set forth in Exhibit [E]. |
2. | Seller will invoice its costs incurred less any rebates and discounts in performance
of the Non-Recurring-Non-Tooling Work up to Amended Type Certification for 737-7, -8, -9, [*****], for the [*****] period preceding the month of invoice, and for other agreed to costs that have not been previously invoiced. ([*****] invoice to be submitted upon signature of this MOA). |
3. | Boeing will pay such invoices per the terms of the Sustaining Contract net [*****] calendar days after receipt of valid invoice and supporting data as defined in
Exhibit [E] along with a monthly description of significant accomplishments and work completed for the fuselage, wing, thrust reverser and pylon statements of work. Seller will provide separate invoices for Fuselage, Wing, Thrust Reverser and Pylon. |
2. | Rates |
3. | Cost Allocation |
6.0 | PAYMENT FOR NON-RECURRING TOOLING WORK |
1. | Payment |
1. | Boeing
will reimburse Seller for all actual costs incurred less any rebates and discounts in performance of the Non-Recurring Tooling Work including, but not limited to, [*****] as set forth in Exhibit [F] submittal form]; up to the [*****] identified in Exhibit [A] for Initial Tooling and Rate Tooling by -7, -8, -9 and by minor model. The [*****] Amount in Exhibit [A] shall be deemed to be reduced by [*****] respectively until all Certified Tool Lists (CTLs) are submitted and approved. Upon submittal of all CTL records associated with each [*****] |
2. | Seller will invoice its costs for the Non-Recurring Tooling Work, [*****], for the [*****] period preceding the month of invoice, and for other agreed to costs that have not been previously invoiced. |
3. | Boeing will pay such invoices per the terms of the Sustaining Contract net [*****]
calendar days after receipt of valid invoice and supporting data as defined in Exhibit [F], Seller will provide separate invoices for Fuselage, Wing, Thrust Reverser and Pylon work. |
2. | Rates |
3. | Invoicing Requirements for Non-Recurring Tooling Work |
4. | Incentive Fee |
1. | Upon submittal of all CTL’s associated with each [*****] Amount set forth in Exhibit A [*****], if Seller’s actual costs incurred in the completion of such work are less than the [*****] Amount, and taking into account any adjustments to such [*****] Amount pursuant to Section 8.0 (Changes), then Boeing
shall pay to Seller, in addition to the amounts due under Section 6.1 (Payment), an incentive fee equal to [*****] as amended from time to time and agreed to between the parties per Section 6.7 [*****]. |
2. | If an incentive is earned in accordance with 6.4.1, Boeing will provide a purchase order within [*****]. Upon receipt of valid invoice from Seller, Boeing will pay such invoices per the terms of the Sustaining Contract net [*****] calendar days. |
5. | Schedule
|
6. | Capacity |
7. | [*****] Amount Adjustments |
1. | If
it is determined additional Tooling that is not driven by BSOW Change is required in excess of that set forth in the BSOW, all additional Tooling costs incurred to meet the requirements of initial build and rate to [*****] APM will be assumed by Seller and the [*****] Amount shall not be adjusted. |
2. | If it is determined Seller can accomplish the requirements with less Tooling than that set forth in the BSOW, the [*****] Amount shall not be adjusted and the cost savings shall be administered in accordance with Section 6.4 (Incentive Fee). |
3. | For
the sake of clarity, any Change from BSOW requested or driven by Boeing during the duration defined for Initial Changes shall constitute an Initial Change resulting in a commensurate adjustment to the [*****] Amount in accordance with Section 8.0 (Changes). |
7.0 | BUDGET TRACKING, MONTHLY ACTUALS, AND INVOICE RECONCILIATION |
1. | Monthly Actuals |
2. | Budget Tracking |
1. | In conjunction with submittals of costs incurred, Seller will provide to Boeing its projected expenditures in connection with the performance of the Non-Recurring-Non-Tooling Work for the succeeding [*****] period, in the form of the template set forth in Exhibit [E]. |
2. | At
the end of [*****], Boeing will issue its budget forecast for the Non-Recurring-Non-Tooling Work for the succeeding [*****] period. |
3. | The Parties agree that regardless of any variances between such budgets and Seller’s costs, Boeing will continue to pay Seller in accordance with Section 5.1. |
4. | Weekly reporting requirements |
5. | Budget
Management |
3. | Schedule Performance Monitoring |
1. | Boeing and Seller will utilize the Event Tracking And Control (‘‘ETAC”) reporting system to track
design/stress engineering performance. |
2. | Boeing and Seller will utilize the Spirit Compliance And Tracking (“SCAT”) system to track non-define performance. |
4. | Invoice Reconciliation |
1. | In the event that Boeing disputes any Seller invoice, including without limitation, the invoice set forth in Section 2.2
above, Boeing will pay Seller the invoiced amount by the applicable deadline, in accordance with Section 5.1 or 6.1 (Payment), as applicable, but may review Seller’s books, records and documentation relating to the disputed amounts, provided that such review is conducted at reasonable times at Seller’s facility and that the scope of such review will not extend to any books, records, documentation or other information that is not necessary to support such disputed amounts. As a result of such review, any mutually agreed payment adjustments will be made in [*****]. Should the Parties fail to come to mutual agreement within [*****] of notification pursuant to Section 7.4.3, the Parties will resolve such disputes per GTA section 33.0. |
2. | The Parties
recognize that Seller may in some instances have confidentiality obligations to third parties which limit the amount or nature of data that can be provided in invoice reconciliation. In such event, the Parties shall work together to determine a mutually agreeable solution which enables the provision of supporting data in Section 7.4.1 in a manner that is in compliance with Seller’s confidentiality obligation to third parties. |
3. | Boeing will have [*****] from the date the invoice is received to notify Seller of any exception to the actual costs listed in such invoice, otherwise the invoice will be deemed accepted. |
8.0 | CHANGES |
1. | In the event of any Change to the BSOW, directed by Boeing prior to Amended Type Certification as applicable to each MAX minor model (an “Initial Change”): |
1. | The
Parties will negotiate a schedule adjustment and any applicable adjustment to an [*****] Amount in accordance with Section 8.3 of this MOA. |
2. | Costs associated with any revisions to the BSOWs that constitute a Change under Section 6 of the SBP and fall within the time period designated for Initial Changes, shall be addressed in accordance with 5.1.1 of this MOA for Non-Recurring-Non-Tooling Work and 6.1.1 for Non-Recurring Tooling Work. |
2. | For clarification purposes, the change provisions of this MOA, rather than the change provisions
in Section 7.0 of the SBP, will govern with respect to Initial Changes (provided, that the term “Change” as used herein, shall have the same meaning as that defined in the SBP, except as modified by this MOA), and equitable price adjustment with respect to Initial Changes will not be subject to the price thresholds described in Section 7.0 of the SBP. For each MAX minor model, Changes following the Initial Change period for such minor model shall be governed by the Sustaining Contract. For the avoidance of doubt Section 6.0 of the SBP shall apply except for the reference to Section 7.0 contained therein. |
3. | Change Negotiation Process |
1. | Following
receipt of a direction from Boeing that constitutes a Change under this MOA, Seller will provide updated scope of work documents to Boeing, along with pricing submittals, identifying the associated cost and/or schedule impacts. |
2. | Within [*****] of receipt of such proposal, Boeing shall make a settlement offer to Seller. Following receipt of Boeing’s settlement offer, if the Parties are unable to reach agreement on an equitable adjustment within [*****], the negotiations shall be elevated to Senior Contracts Management for resolution. |
3. | Upon
settlement the [*****] Amounts and/or schedule, this MOA will be adjusted by Contract Change Notice (CCN) for all adjustments agreed in writing between the parties. |
9.0 | WEIGHT |
1. | Seller acknowledges the importance of an end item weight for the Products it delivers to Boeing and agrees to follow diligent weight reduction practices during the design process. |
2. | Based
on the BSOW, Seller will provide non-binding Advisory Weight Guidelines (AWG) for the Seller provided dry products. No weight requirement, (such as those referenced in any requirement document) other than the AWG are applicable. |
3. | Such AWGs do not constitute a weight requirement, and failure to achieve such AWGs shall not constitute a breach under this MOA or the SBP |
4. | These AWGs are for the end item level and are for production units only. |
5. | In
addition, the above AWGs require that adjustments to AWG values be assessed in conjunction with Initial Changes having a weight impact. |
6. | Seller will provide Status Weight reporting and Actual Weight reporting once monthly via agreed to format. |
10.0 | [*****] STATEMENT OF WORK |
1. | The Parties continue to evaluate
the transfer of the [*****] Statement of Work from Seller to Boeing. |
2. | Until such time as the transfer agreement has been executed, Seller will invoice Boeing [*****] for payments made to [*****] pursuant to the [*****] Statement of Work, and Boeing will pay such invoices net [*****] days after receipt thereof. For the avoidance of doubt, Seller will not duplicate such amounts in any invoice submitted pursuant to Section 5.1 or 6.1. |
3. | In the event the Parties are unable to reach a transfer agreement by [*****] Boeing and Seller
will negotiate additional payment provisions or inclusion of the [*****] Statement of Work into this MOA. |
11.0 | PROPULSION ENGINE DEVELOPMENT PLAN (EDP) AND TEST HARDWARE |
1. | The parties will negotiate pricing for EDP Hardware and test hardware by [*****]. |
12.0 | INCENTIVES: NON-RECURRING-NON-TOOLING |
13.0 | MISCELLANEOUS |
1. | This MOA including all Exhibits and Attachments contain the entire agreement between Seller and Boeing about the subject matter hereof
and supersedes all previous proposals, understandings, commitments, or representations whatsoever, oral or written for said effort. This MOA may be changed only in writing by authorized representatives of Seller and |
2. | The Parties will update Attachment 9 to include the 737 MAX, and Attachment 4 of the SBP to include the 737 MAX under Section B.1 and incorporate this MOA as a separate attachment to the SBP. |
3. | The Parties will amend the Product Support and Assurance Document (PSAD) D6-83315 to incorporate the 737-7, -8, -9 models in Section 8.3.1 (a) “Warranty for Products”. |
4. | The
D6-83323 Document denoting the 737 NG roles, responsibilities, and accountability for the 737 NG will apply to Seller’s engineering responsibility for the 737 MAX Products and nothing contained herein is intended to modify such allocation of roles, responsibilities and accountability for 737 MAX Products. For the avoidance of doubt, and despite reference to D6-83323 herein, the D6-83323 shall remain of lower precedence to the SBP, GTA, Purchase contract, and Order as specified in Section 13 (Order of Precedence) of the SBP. |
BOEING THE
BOEING COMPANY /s/ John Bayer Signature: Printed Name: John Bayer Title: Procurement Agent Date: April 7, 2014 | SELLER Spirit AeroSystems, Inc. /s/ Matthew
Calhoun Signature: Printed Name: Matthew Calhoun Title: Manager, Boeing Sustaining Contracts Date: 4/7/2014 |
737-8 [*****] Amounts | Fuselage, Wing, and Propulsion End Items (All SOW) |
Initial
Tooling [*****] Amount | [*****] |
Rate Tooling [*****] Amount | [*****] |
737-9 [*****] Amounts | Fuselage, Wing, and Propulsion End Items (All SOW) |
Initial Tooling [*****] Amount | To be negotiated per section 6.3 |
Rate
Tooling [*****] Amount | To be negotiated per section 6.3 |
737-7 [*****] Amounts | Fuselage, Wing, and Propulsion End Items (All SOW) |
Initial Tooling [*****] Amount | To be negotiated per section 6.3 |
Rate Tooling [*****] Amount | To be negotiated per section
6.3 |
737 MAX 8 - Baseline Master Phasing Plan (Rev B) | Rev A Baselined:2-9-12 Rev B Baselined:6-28-12 Status
as of:8-1-13 | |||||||
Baselined 6-28-12 Rev B | Show | Offer/Launch [*****] | PRR/3RR [*****] | Firm Config [*****] | CPR [*****] | PRR [*****] | Integ Prod Test [*****] | E18 [*****] |
Gated
Process Deliverables | [*****] | |||||||
Business Case/Cost | ||||||||
Integrated Schedule/Plan | ||||||||
Requirements & SOW Requirements Aerodynamics & Loads Configuration Product Integration Structures Systems Propulsion Payloads Test Regulatory
Admin Services & Support | ||||||||
Supplier/Partner | ||||||||
Production Sys Readiness |
737 MAX 8 Airframe | Tier 2 Schedule | Responsible:D. Stoll Status Date:3-13-14 Baselined:7-26-12 | ||||||
Offer/Launch [*****] | PRR/3RR [*****] | Firm
Config [*****] | CPR [*****] | PRR [*****] | Integ Prod Test [*****] | E1S [*****] | |
Gated Process Deliverables | [*****] | ||||||
Program | |||||||
Program | |||||||
'-
Airframe Renton - Gated Process (Keith Luschei) - Airframe Renton - Gated Process (Keith Luschei) - NRPD (Bruce Dahl) - Test (Rob Welch) - Spatial Integration (Petra Critchfield) - Wing & Emp (Johnson, Krishan, Welch) Propulsion and Loads Reference Milestones - Winglet (Brian Johnson) - Landing Gear (Rick Gessner) (PA-Jeff Gochenour) - Landing Gear (Rick Gessner) |
737 MAX 8 Airframe | Tier 2 Schedule | Responsible:D. Stoll Status Date:3-13-14 Baselined:7-26-12 | ||||||
Offer/Launch [*****] | PRR/3RR [*****] | Firm
Config [*****] | CPR [*****] | PRR [*****] | Integ Prod Test [*****] | E1S [*****] | |
Gated Process Deliverables | [*****] | ||||||
'- Forward Access Door (PA-Brian Ogden) (Ron Wittle) -
Equipment/TE (Olson, Brennan) - ME (John Evoy) - Cert (Candice Duffer) - Spirit Integration (Mike McKeever) - Spirit Fuse (Jenny Drouhard/ Tracy Russell) - Spirit Fuse (Jenny Drouhard/ Tracy Russell) - Spirit Wing Tulsa (Cathy Diver/ Tracy Russell) - Spirit Wing Tulsa (Cathy Diver/ Tracy Russell) - Spirit SM (PA-John Bayer) |
Summary Totals Page 737 MAX Non-Recurring Actuals Cumulative
through Date Month/Year | |||||
Hours | Fuselage | Pylon | TR | Wing | Total |
Design Eng | |||||
Stress
Eng | |||||
Project ME | |||||
Design Eng - Subcontract | |||||
Stress
Eng - Subcontract | |||||
Process ME | |||||
NC | |||||
IPT | |||||
QA | |||||
Total
Hours |
Avg Rate | |||||
Design Eng | |||||
Stress
Eng | |||||
Project ME | |||||
Eng - Subcontract | |||||
Process
ME | |||||
NC | |||||
IPT | |||||
QA |
Cost | |||||
Design
Eng | |||||
Stress Eng | |||||
Project ME | |||||
Eng
- Subcontract | |||||
Process ME | |||||
NC | |||||
IPT | |||||
QA | |||||
Total
Cost |
737 MAX Non-Recurring Actuals - Total Date (Month/Year) | ||||
Hours | Month | Month | Month | Month
|
Design Eng | ||||
Stress Eng | ||||
Project ME | ||||
Design
Eng - Subcontract | ||||
Stress Eng - Subcontract | ||||
Process ME | ||||
NC | ||||
IPT | ||||
QA | ||||
Total
Hours |
Avg Rate | ||||
Design Eng | ||||
Stress
Eng | ||||
Project ME | ||||
Eng - Subcontract | ||||
Process
ME | ||||
NC | ||||
IPT | ||||
QA |
Cost | ||||
Design
Eng | ||||
Stress Eng | ||||
Project ME | ||||
Eng
- Subcontract | ||||
Process ME | ||||
NC | ||||
IPT | ||||
QA | ||||
Total
Cost |
737
MAX Non-Recurring Actuals - (BY IPT) Month, Year | ||||
Hours | Month | Month | Month | Month |
Design Eng. | ||||
Stress Eng. | ||||
Project
ME | ||||
Design Eng - Subcontract | ||||
Stress Eng - Subcontract | ||||
Process
ME | ||||
NC | ||||
IPT | ||||
QA | ||||
Total
Hours |
Avg Rate | ||||
Design Eng | ||||
Stress
Eng | ||||
Project ME | ||||
Eng - Subcontract | ||||
Process
ME | ||||
NC | ||||
IPT | ||||
QA |
Cost | ||||
Design
Eng | ||||
Stress Eng | ||||
Project ME | ||||
Eng
- Subcontract | ||||
Process ME | ||||
NC | ||||
IPT | ||||
QA | ||||
Total
Cost |
Actuals
by IPT Date Month/Year | ||||
Hours | Month | Month | Month | Month |
Design Engr | ||||
Stress Engr | ||||
Project
ME | ||||
Offload DE | ||||
Offload SE | ||||
Process
ME | ||||
NC | ||||
IPT | ||||
Tool
Design | ||||
Tool Fab | ||||
Total Fuselage Hours |
Dollars | Month | Month | Month | Month |
Design
Engr | ||||
Stress Engr | ||||
Project ME | ||||
Define
Offload | ||||
Process ME | ||||
NC | ||||
IPT | ||||
Tool
Design | ||||
Tool Fab | ||||
Total Fuselage Dollars | ||||
[*****] | [*****] | [*****] | [*****] |
Dollars
with G&A | Month | Month | Month | Month |
Design Engr | 0 | 0 | 0 | 0 |
Stress Engr | 0 | 0 | 0 | 0 |
Project
ME | 0 | 0 | 0 | 0 |
Define Offload | 0 | 0 | 0 | 0 |
Process ME | 0 | 0 | 0 | 0 |
NC | 0 | 0 | 0 | 0 |
IPT | 0 | 0 | 0 | 0 |
Tool
Design | 0 | 0 | 0 | 0 |
Tool Fab | 0 | 0 | 0 | 0 |
Total Fuselage Dollars | 0 | 0 | 0 | 0 |
[*****] | [*****] | [*****] | [*****] |
737
MAX Nacelle Quarterly Analysis SAMPLE 737 MAX Nacelle Tools Actuals as of the close of business month of January (2/6/2014) (SAMPLE) | ||||||||||||||
IN HOUSE HOURS | DOLLARS | TOTAL DOLLARS | ||||||||||||
Tool Number | Unit Number | Serial Number | TCS Order Status | EST Committed/ Closed Date | FAB | DESIGN | Total
Hours | FAB | DSN | SUBCONTRACT | FACILITIES ASSIST | MATERIAL | TOTAL DOLLARS | CUM TO DATE |
737 MAX STRUT SUPPLIER ACCOUNTABLE TOOLS-SAMPLE | |||||
Tool Number | Unit | Lifetime Serial | Open/Closed | Estimated Close Date | Cost |
[*****] | [*****] | [*****] | [*****] | [*****] | [*****] |
A. | Award Fee Plan |
B. | Award Fee Pool |
• | [*****] payable if [*****] Non-Recurring-Non-Tooling cost target is met, |
• | [*****]
through [*****] of [*****] |
• | [*****] payable if overall Non-Recurring-Non-Tooling cost target is achieved through 737-7 ATC. Value to be provided after [*****]. |
• | [*****]
payable for ETAC releases [*****] on time |
• | [*****] payable for ETAC releases [*****] on time |
C. | Award
Fee Plan Changes |
D. | Contract Termination |
E. | Award Fee Allocation and Payment Record |
F. | Payment of Award Fee |
737-MAX Incentive Payment Plan Schedule for Schedule and Quality Incentive Payment to be based on completion of schedules and meeting quality requirements by model (737-7) | |||||
Category | Performance Period Beginning Milestone | Performance
Period Ending Milestone | Payment Trigger | Amount Available | Award Amount Calculation |
Schedule | [*****] | [*****] | [*****] | [*****] | [*****] |
Quality | [*****] | [*****] | [*****] | [*****] | [*****] |
737-MAX
Incentive Payment Plan Schedule for Schedule and Quality Incentive Payment to be based on completion of schedules and meeting quality requirements model (737-8) | |||||
Category | Performance Period Beginning Milestone | Performance Period Ending Milestone | Payment Trigger | Amount Available | Award Amount Calculation |
Schedule | [*****] | [*****] | [*****] | [*****] | [*****] |
Quality | [*****] | [*****] | [*****] | [*****] | [*****] |
737-MAX
Incentive Payment Plan Schedule for Schedule and Quality Incentive Payment to be based on completion of schedules and meeting quality requirements by model (737-9) | |||||
Category | Performance Period Beginning Milestone | Performance Period Ending Milestone | Payment Trigger | Amount Available | Award Amount Calculation |
Schedule | [*****] | [*****] | [*****] | [*****] | [*****] |
Quality | [*****] | [*****] | [*****] | [*****] | [*****] |
737-MAX
Incentive Payment Plan Schedule for Cost Incentive Payment to be based on meeting or exceeding Boeing cost targets for all models (737-7, -8, -9) | |||||
Category | Performance Period Beginning Milestone | Performance Period Ending Milestone | Payment Trigger | Amount Available | Award Amount Calculation |
Cost applies to 737-7, -8, -9 models only | [*****] | [*****] | [*****] | [*****] | [*****] |
Cost
applies to 737-7, -8, -9 models only | [*****] | [*****] | [*****] | [*****] | [*****] |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 8/1/14 | 4, 8-K | ||
For Period end: | 7/3/14 | |||
4/7/14 | 4, 8-K | |||
12/31/13 | 10-K, ARS, SD | |||
8/1/13 | ||||
6/28/12 | 10-Q | |||
3/9/12 | 4 | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/22/24 Spirit AeroSystems Holdings, Inc. 10-K 12/31/23 127:21M Workiva Inc Wde… FA01/FA 2/17/23 Spirit AeroSystems Holdings, Inc. 10-K 12/31/22 117:21M Workiva Inc Wde… FA01/FA 2/15/22 Spirit AeroSystems Holdings, Inc. 10-K 12/31/21 116:22M Workiva Inc Wde… FA01/FA 2/25/21 Spirit AeroSystems Holdings, Inc. 10-K 12/31/20 113:27M Workiva Inc Wde… FA01/FA |