Chief executive Tom Gentile was asked if the Northern Ireland deal had created any value and when he would expect it to do so
By John CampbellThe chief executive of Spirit Aerosystems has defended the deal to buy Bombardier's Northern Ireland operations in 2019.On a call with industry analysts, Tom Gentile was asked whether the deal had created any value and when he would expect it to do so."We think it's a great strategic programme. It's taking a little bit longer to realise. But in the long term, it was a good strategic move. We're happy we did it," he added.
The Kansas-based firm is best known as a major supplier to Boeing and the deal was about diversifying its customer base. Mr Gentile said that logic remains: "It's going to help diversify Spirit because in addition to the A220 programme that we got out of Belfast, we also doubled our aftermarket and we got four times the amount of business jet work.
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