Amendment 41, dated March 22, 2025, to Special Business Provisions BCA-MS ###-###-####, dated June 16, 2005, between The Boeing Company and Spirit AeroSystems, Inc
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CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [****], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.
AMENDMENT 41
to
SPECIAL BUSINESS PROVISIONS
BCA-MS ###-###-####
between
THE BOEING COMPANY
and
SPIRIT AEROSYSTEMS, INC.
THIS AMENDMENT 41 (Amendment) to Special Business Provisions BCA-MS ###-###-####, dated June 16, 2005, is entered into as of the last dated signature of the Parties to execute this Amendment between Spirit AeroSystems, Inc., a Delaware corporation (Seller), and The Boeing Company, a Delaware corporation (Boeing). Hereinafter, Seller and Boeing may be referred to jointly as Parties hereto.
RECITALS
A.The Parties entered into Special Business Provisions BCA-MS ###-###-#### (SBP) on June 16, 2005 and General Terms Agreement BCA ###-###-#### (GTA), dated June 16, 2005 (collectively, the Agreement).
B.The most recent Amendment to the SBP is Amendment 40, dated December 19, 2024.
C.All capitalized terms used but not defined in this Amendment have the same meaning as in the Agreement.
D.The Parties wish to amend the SBP as set forth herein.
NOW THEREFORE, in consideration of the mutual covenants set forth herein, the Parties agree as follows:
1.Amendment.
1.1.The list of Amendments of the Agreement is hereby deleted in its entirety and replaced as follows:
BOEING PROPRIETARY | Page 1 |
Amendments
Number | Description | Date | Approval | ||||||||
1 | Provisions for addition of second Fatigue Unit | 09/18/06 | K. O’Brien M. Kurimsky | ||||||||
2 | Provisions for COPB5 | 10/23/06 | T. Pierson M. Kurimsky | ||||||||
3 | Revised Payment Terms and Settlement of Claims | 03/26/08 | R. Parks L. McCutchen | ||||||||
4 | A10.3.1 Relocation/Subcontract Notification | 03/11/08 | J. Loomis M. Kurimsky | ||||||||
5 | D&MI Agreement 1.Changed all references of Mid-Western Aircraft Systems Inc. to Spirit AeroSystems Inc. 2.Added additional Section 1.0: definitions 3.Amended SBP 5.5 in its entirety 4.Amended SBP 7.1 in its entirety 5.Added the D&MI One Plan Documents to SBP Attachment 4 table of documents 6.Added SBP Attachment 23 | 06/23/09 | R. Parks M. Kurimsky | ||||||||
6 | D&MI Advance Payment for S-41 Pre-Amendment 5 D&MI Nonrecurring Work 1.Amended SBP 5.5 in its entirety 2.Amended SBP Attachment 1 in its entirety 3.Amended SBP Attachment 2 in its entirety 4.Amended SBP Attachment 3 in its entirety | 07/21/09 | R. Parks M. Kurimsky | ||||||||
7 | Restrictions on Lobbying 1.Added Section 37 to the contract | 09/15/09 | Mario Guillen W. Davis | ||||||||
8 | Pylon Firm Configuration Price Adjustment 1.Amended SBP Attachment 1 in its entirety 2.Amended SBP Attachment 2 in its entirety 3.Amended SBP Attachment 3 in its entirety | 11/04/09 | Mario Guillen Alex Webb | ||||||||
9 | D&MI Wing/Pylon Retro Proposal Phase I Advanced Payment 1.Amended SBP 5.5 in its entirety 2.Amended SBP Attachment 1 in its entirety 3.Amended SBP Attachment 2 in its entirety 4.Amended SBP Attachment 3 in its entirety | 11/12/09 | Jeff Loomis / Mike Kurimsky | ||||||||
10 | Quarterly Certified Inventory Reporting Form 1.Amended SBP Attachment 21 in its entirety | 11/20/09 | Peter Yi Calleen Green |
Amendment A41 to SBP-BCA-MS ###-###-#### | BOEING PROPRIETARY | Page 2 |
Number | Description | Date | Approval | ||||||||
11 | D&MI 3Q09 Advance Payment 1.Amended SBP 5.5 in its entirety 2.Amended SBP Attachment 1 in its entirety 3.Amended SBP Attachment 2 in its entirety 4.Amended SBP Attachment 3 in its entirety 5.Amended SBP Attachment 4 in its entirety | 11/13/09 | Jeff Loomis / Mike Kurimsky | ||||||||
12 | D&MI 4Q09 Advance Payment 1.Amended SBP 5.5 in its entirety 2.Amended SBP Attachment 1 in its entirety 3.Amended SBP Attachment 2 in its entirety 4.Amended SBP Attachment 3 in its entirety | 02/11/10 | Jeff Loomis / Wade Davis | ||||||||
13 | D&MI 1Q10 Advance Payment 1.Amended SBP 5.5 in its entirety 2.Amended SBP Attachment 1 in its entirety 3.Amended SBP Attachment 2 in its entirety 4.Amended SBP Attachment 3 in its entirety | 05/26/10 | Jeff Loomis / Wade Davis | ||||||||
14 | D&MI 2Q10 Advance Payment 1.Amended SBP 5.5 in its entirety 2.Amended SBP Attachment 1 in its entirety 3.Amended SBP Attachment 2 in its entirety 4.Amended SBP Attachment 3 in its entirety | 09/30/10 | Mario Guillen Wade Davis | ||||||||
15 | D&MI 3Q10 Advance Payment 1.Amended SBP 5.5 in its entirety 2.Amended SBP Attachment 1 in its entirety 3.Amended SBP Attachment 2 in its entirety 4.Amended SBP Attachment 3 in its entirety | 11/12/10 | Mario Guillen Wade Davis | ||||||||
16 | D&MI 4Q10 Advance Payment 1.Amended SBP 5.5 in its entirety 2.Amended SBP Attachment 1 in its entirety 3.Amended SBP Attachment 2 in its entirety 4.Amended SBP Attachment 3 in its entirety | 02/28/11 | Mario Guillen Wade Davis | ||||||||
17 | MOA Dated 12-21-10 (Blockpoint 20 Settlement) 1.Amended or added: SBP Table of Contents, Sections 1.0, 3.1.1, 3.2.1, 3.3.1, 3.3.2.2, 3.3.4.3 and 3.3.4.8, 3.3.7, 3.3.7.1, 3.3.7.2, 3.3.7.3, 3.4.2.1, 3.4.5, 4.1.1, 4.1.3, 4.2, 4.3.1, 4.3.1.1, 4.4, 4.7, 4.8, 4.9, 4.10, 5.5, 5.6, 5.7, 5.8, 5.8.1, 5.8.2, 6.1, 6.2, 6.3, 7.1, 7.2, 7.2.1, 7.2.2, 7.2.3, 7.5, 7.5.1, 7.5.2, 7.8, 7.8.1, 7.8.2, 11.2 2.Deleted SBP Sections 3.3.2.3.I, 3.4.2.3, 7.9, 7.10 3.Amended or added SBP Attachments 1, 2, 3, 4, 7, 14, 16, 23, 25, 26, 27, 28 4.Deleted SBP Attachments 13 and 19 5.Throughout SBP, various references to: “SBP Attachment 7 Indentured Parties Price List and Spare Parts Pricing” are revised to “the SPPC”. | 05/12/11 | R. Parks M. Kurimsky |
Amendment A41 to SBP-BCA-MS ###-###-#### | BOEING PROPRIETARY | Page 3 |
Number | Description | Date | Approval | ||||||||
18 | D&MI One Plan Update 1.Updated SBP Attachments 1, 3, 23, 25 2.Amended: SBP Section 7.4 per Amendment 3 | 08/24/11 | M. Guillen M. Kurimsky | ||||||||
19 | D&MI One Plan Update Updated SBP Attachments 1, 2, 3, 16, 23, 25 | 07/30/12 | A. Mauldin C. Cotner | ||||||||
20 | D&MI One Plan Update 1.Updated SBP Attachments 1, 2, 3, 16, 23, 25, 27 | 06/05/13 | Jeff Loomis C. Cotner | ||||||||
21 | D&MI One Plan Update 1.Amended: SBP Section 8.5 2.Updated SBP Attachments 1, 2, 3, 16, 23, 25, 27, 29 | 06/02/14 | C. Francois L. Hampton | ||||||||
22 (VOID) | MOA Dated 4-8-14 (2015 Sustaining Pricing Agreement) 1.Amended SBP Section 5.5 2.Updated SBP Attachment 1 | 11/12/14 | S. Garcia-Deleone C. Green | ||||||||
22R1 | MOA Dated 4-8-14 (2015 Sustaining Pricing Agreement) 1.Amended SBP Section 5.5 2.Updated SBP Attachment 1 | 12/04/14 | S. Garcia-Deleone L. Hampton | ||||||||
23 | Annual Price Adjustment thru Line Number [****] 1.Updated SBP Attachments 1, 2, and 27 Boeing Performed Rework and Repair 1.Updated SBP Attachment 16 Table A.1 | 08/03/15 | J. Loomis L. Hampton | ||||||||
24 | Annual Price Adjustment thru Line Number [****] 1.Updated SBP Attachments 1, 2, 3, and 27 Boeing Performed Rework and Repair 1.Updated SBP Attachment 16 Table A.1 | 12/16/15 | J. Loomis L. Hampton | ||||||||
25 | MOU Dated 8-1-17 (Collective Resolution) 1.Amended SBP Sections 3.2.1, 4.1.3, 4.2, 4.3.1.1, 4.10, 4.12, 5.2.1, 7.2.1, 7.2.2, 7.5.1, 7.8.2, 8.1, 11.2, 12.6, and 12.8.1 2.Updated SBP Attachments 1, 2, 3, 7, 10, 16, 26, 27, 28, and 30 Annual Shipset Price Adjustments thru Line Number [****] 1.Updated SBP Attachments 1, 2, and 27 Annual Shipset Price Adjustments thru Line Number [****] 1.Updated SBP Attachments 1 and 2 Boeing Performed Rework and Repair 1.Updated SBP Attachment 16 Table A.1 | 09/22/17 | J. Will M. Kurimsky | ||||||||
26 | PMI De-Implementation 1.Updated SBP Attachments 1 and 27 2.Added SBP Section 12.8.6 and Attachment 31 | 12/14/17 | R. Satterthwaite L. Hampton | ||||||||
27 | Annual Shipset Price Adjustment thru Line Number [****] 1.Updated SBP Section 7.2.1 and SBP Attachments 1 and 2 Boeing Performed Rework and Repair 1.Updated SBP Attachment 16 Section A | 08/17/18 | H. Langowski L. Hampton |
Amendment A41 to SBP-BCA-MS ###-###-#### | BOEING PROPRIETARY | Page 4 |
Number | Description | Date | Approval | ||||||||
28 | MOA Dated 12-21-2018 (Collective Resolution 2.0) 1.Amended SBP Sections 4.1.3, 4.10, 5.5, and 7.5 and SBP Attachments 1, 7, 18, 27, 30, and 31 2.Added SBP Section 4.12.1 and Attachments 32 and 33 (Concurrently with the MOA, the Parties also executed that certain Settlement and Release Agreement dated 12-21-2018 pertaining to the release and settlement of warranty and various other claims) | 01/30/19 | T. McGuigan E. Bossler | ||||||||
29 | 787 In-House Composite Tape Slitting Added SBP Section 12.8.7 | 05/14/19 | H. Langowski L. Bockover | ||||||||
30 | Annual Shipset Price Adjustment thru Line Number [****] 1.Updated SBP Section 7.2.1 and SBP Attachments 1 and 2 | 08/12/19 | H. Langowski R. Grant | ||||||||
31 | Configuration Control 1.Updated SBP Section 21 2.Added new Section 21.1 [****] | 09/25/19 | H. Langowski E. Bossler | ||||||||
32 | Supply Chain Integration 1.Updated SBP Section 12.8 2.Added new Section 12.8.8 [****] | 04/15/20 | H. Langowski R. Grant | ||||||||
33 | Payment Terms 1.Updated SBP Section 5.2.1 | 01/19/21 | H. Langowski E. Bossler | ||||||||
34 | Annual Shipset Price Adjustment thru Line Number [****] 1.Updated SBP Attachments 1 and 2 Boeing Performed Rework and Repair 1.Updated SBP Attachment 16 Section A | 06/30/21 | H. Langowski R. Grant | ||||||||
35 | Annual Shipset Price Adjustment thru Line Number [****] 1.Updated SBP Attachments 1 and 2 | 12/22/21 | H. Langowski R. Grant | ||||||||
36 | Industry Assist at Boeing Repair Station(s) 1.Added new Section 8.3.1 | 02/09/22 | H. Langowski R. Grant | ||||||||
37 | Annual Shipset Price Adjustment thru Line Number [****] 1.Updated SBP Attachments 1 and 2 | 08/24/22 | H. Langowski R. Grant | ||||||||
38 | Electronic Access, Communications and Data Exchange Via Telecommunications 1.Updated SBP Section 12.4 “Electronic Access/Terms of Use” | 07/10/23 | E. Charnetskyi K. Clark | ||||||||
39 | Incorporating Elements of MOA executed October 12, 2023. 1.Updated SBP Sections 3.21, 4.3.1, and Attachment 1 2.Added new SBP Section 4.1.1 | 12/21/23 | D. Armani L. Hampton |
Amendment A41 to SBP-BCA-MS ###-###-#### | BOEING PROPRIETARY | Page 5 |
Number | Description | Date | Approval | ||||||||
40 | Boeing Supply Chain Strategy 1.Added new SBP Section 12.8.9 (Boeing Supply Chain Strategy) and subsection 12.8.9.1 (Price Adjustment Methodology for Aggregation Agreements) | 12/19/24 | I. Segovia W. Wilson | ||||||||
41 | Deferral of 1Q and 2Q 2025 Advance Payments to 1Q and 2Q 2026. 1.Updated Section 5.5 Advance Payments 2.Attachment 1 Advance Payments Recovery table | 03/14/25 | E. Cissell I. Esteves |
1.2.Section 5.5 of the SBP “Advance Payments” is hereby amended and restated in its entirety as follows:
5.5Advance Payments
Notwithstanding the payment due dates for Shipsets specified elsewhere in this SBP, Boeing shall make total advance payments to Spirit for Shipsets in the amount of $[****] (“Advance Payments”). The schedule for Boeing’s Advance Payments shall be as follows: $[****] shall be due on [****]; an additional $[****] shall be due on each of [****], [****], [****] and [****]; an additional $[****] shall be due on each of [****], [****], [****] and [****]; an additional $[****] shall be due on [****]; an additional $[****] shall be due on [****]; an additional $[****] shall be due on [****] and [****]; and an additional $[****] shall be due on [****]. Excepting the [****] payment, Spirit shall invoice Boeing [****] days prior to these dates. These payments are made for the Work Statement set forth in Attachment 1 - “Work Statement and Pricing”. Notwithstanding anything to the contrary contained herein, in the GTA or in any other agreement between Boeing and Spirit, Boeing shall not be entitled to any offset or credit of the Advance Payments for any amounts owed by Spirit to Boeing under this SBP or otherwise.
The Advance Payments shall be applied against payments due by Boeing to Spirit for the first [****] Shipsets such that the Shipset Price, for each of the first [****] Shipsets shall be decreased as follows: $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; $[****] for Shipsets [****]; and $[****] for Shipsets [****].
In the event that Boeing does not take delivery of [****] Shipsets under the terms of this SBP prior to the termination of the Program or this SBP, the remaining balance of the Advance Payments shall be first applied against any outstanding payments
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then due by Boeing to Spirit in respect of the 787 program. Finally, any remaining balance shall be prorated at an equivalent rate of [****] Shipsets per year, beginning in the month following delivery to Boeing of Spirit’s final production Shipset. Spirit shall make a payment to Boeing on December 15 of each year for the payments due on account of such year until any remaining balance of the Advance Payments has been fully recovered.
1.3.SBP Attachment 1 is here by amended and restated in its entirety as follows:
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SBP ATTACHMENT 1 TO
SPECIAL BUSINESS PROVISIONS
WORK STATEMENT AND PRICING
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As of Amendment 39, Boeing will pay Spirit $[****] via incremental 787 recurring Shipset Price increases effective at LN [****] through LN [****]. The per Shipset Price shall be rate variable and as set forth in Attachment 1, Recurring Shipset Price (All Minor Models). No later than 10 business days after execution of Amendment 39, Boeing will amend any outstanding purchase orders as necessary to reflect the pricing shown in Attachment 1, Recurring Shipset Price (All Minor Models). No later than 15 business days after execution of Amendment 39, the Parties will jointly reconcile pricing for any Products already delivered starting with Line Number [****] through such time as the purchase orders are amended with pricing as shown in Attachment 1, Recurring Shipset Price (All Minor Models). No later than 3 business days after the Parties complete the reconciliation, Boeing will pay to Spirit the reconciliation value via wire transfer.
Within 30 days following the delivery of Line Number [****] from Spirit to Boeing, the Parties will reconcile the adjusted pricing set forth in Attachment 1, Recurring Shipset Price (All Minor Models) against the 787 Shipset pricing as of 787 SBP Amendment 37. In the event the incremental amounts paid to Spirit do not total $[****], the respective Party will pay, via wire transfer, any amount due within 10 business days of completing the reconciliation. For clarity, any Shipset pricing revisions subsequent to Amendment 39 resulting from statement of work revisions/changes will not be applied towards the $[****] incremental Shipset Price increase.
The Parties, at either’s request, agree to meet at a mutually agreeable time, with a mutual goal of concluding negotiations 12 months prior to the delivery of LN [****], to discuss in good faith potential pricing changes, other interests and considerations pertaining to LN [****] and beyond.
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2.Miscellaneous.
2.1.Except as expressly set forth herein, all other provisions of the SBP (as amended, modified or supplemented prior to the date hereof) shall remain in full force and effect in accordance with their respective terms.
2.2.This Amendment cancels and supersedes all previous agreements between the Parties relating to the content of this Amendment, whether written or oral.
2.3.Boeing may periodically consolidate this SBP and all previous amendments into the Agreement for administrative purposes.
3.Governing Law.
This Amendment shall be governed by the internal laws of the State of Washington without reference to any rules governing conflict of laws.
4.Confidentiality.
The terms of this Amendment, together with the information exchanged by the Parties during negotiation hereof, is confidential under the terms of the Agreement. This Amendment contains Proprietary Information and Materials pursuant to the Agreement.
EXECUTED as of the Effective Date by the duly authorized representatives of the Parties.
THE BOEING COMPANY | Spirit AeroSystems, Inc. | |||||||
/s/ Eric Cissell | /s/ Irene Esteves | |||||||
Signature | Signature | |||||||
Eric Cissell | Irene Esteves | |||||||
Printed name | Printed name | |||||||
BCA SC Primary Structures Director | EVP & CFO | |||||||
Title | Title | |||||||
3/22/2025 | 3/22/2025 | |||||||
Date | Date |
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