EXHIBIT 10.7
Confidential portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed separately with the Securities and Exchange
Commission. Omissions are designated by the symbol [*****].

AMENDMENT NUMBER 22 Revision 1

TO

Special Business Provisions (SBP) BCA-MS-65530-0019

BETWEEN

THE BOEING COMPANY

AND

SPIRIT AEROSYSTEMS, INC.

THIS AMENDMENT NUMBER 22 REVISION 1 (“Amendment No. 22R1”) is entered into this
December 4, 2014, by and between Spirit AeroSystems, Inc. (“Spirit”), a Delaware
corporation having its principal office in Wichita, Kansas, and The Boeing
Company, a Delaware corporation, acting by and through its division, Boeing
Commercial Airplanes (“Boeing”). Herein, Spirit and Boeing may be referred to
jointly as the “Parties”.
 
The Parties have entered into the General Terms Agreement, GTA BCA-65520-0032,
dated June 16, 2005 as amended from time to time (the “GTA”), the Special
Business Provisions, BCA-MS-65530-0019, dated June 16, 2005 as amended from time
to time (the "SBP"), and the Memorandum of Agreement: 737 / 747 / 767 / 777
Pricing Agreement Through 2015, dated April 8, 2014 (“2015 Sustaining Pricing
Agreement”), and now desire to amend the SBP to incorporate Article 4 of the
2015 Sustaining Pricing Agreement.
Background
The 787 Program includes designing and building the Program Airplane and
Derivatives and Mission Improvement work as identified by the Parties. This
Amendment No. 22R1 updates the SBP by revising SBP Section 5.5, SBP Attachment 1
and page 3 of the table of Amendments to the SBP, to incorporate Article 4 of
the 2015 Sustaining Pricing agreement.

Agreement

THEREFORE, the Parties hereby agree to amend the SBP as follows:

1. Page 3 of the table of Amendments to the SBP is hereby amended as set forth
in Exhibit 1 hereto to list this Amendment No. 22R1 in such table.

    

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787 SBP between Boeing and Spirit
SBP BCA-MS-65530-0019, Amendment 22R1, December 4, 2014

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Confidential portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed separately with the Securities and Exchange
Commission. Omissions are designated by the symbol [*****].

2. SBP Section 5.5 “Advance Payments” is hereby amended as set forth in Exhibit
2 hereto to incorporate Article 4 of the 2015 Sustaining Pricing Agreement by
and between the Parties.

3. SBP Attachment 1,”Work Statement and Pricing” is hereby amended as set forth
in Exhibit 3 hereto to incorporate Article 4 of the 2015 Sustaining Pricing
Agreement.
Except as otherwise indicated, all terms defined in the GTA or SBP shall have
the same meanings when used in this Amendment No. 22R1. This Amendment No. 22R1
constitutes the complete and exclusive agreement between the Parties with
respect to the subject matter of this Amendment No. 22R1, and this Amendment No.
22R1 supersedes all previous agreements between the Parties relating to the
subject matter of Amendment No. 22R1, whether written or oral. This Amendment
No. 22R1 shall be governed by the laws of the state of Washington, other than
the conflict of law rules thereof. The amendments made to the SBP by this
Amendment No. 22R1 shall be effective as of the date of this Amendment No. 22R1
or as of such other date as specified herein. The GTA and SBP remain in full
force and effect and are not modified, revoked or superseded except as
specifically stated in this Amendment No. 22R1.
EXECUTED in duplicate as of the date and year first set forth above by the duly
authorized representatives of the Parties:

The Boeing Company
 
 
 Spirit AeroSystems Inc.

Acting by and through its division

 
 
 
Boeing Commercial Airplanes

 
 
 
 
 
 
 
 
By:
/s/ Sarena Garcia-Deleone

 
By:
/s/ Leanna Hampton
 
 
 
 
 
Name:
Sarena Garcia-Deleone

 
Name:
Leanna Hampton
 
 
 
 
 
Title:
Procurement Agent    

 
Title:
Contracts Administrator
 
 
 
 
 
Date:
12/8/14
 
Date:
12/04/14

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787 SBP between Boeing and Spirit
SBP BCA-MS-65530-0019, Amendment 22R1, December 4, 2014

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Confidential portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed separately with the Securities and Exchange
Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment 22R1 Exhibit 1
SBP BCA-MS-65530-0019, Amendment 22R1 Exhibit 2

Number

17

18

19

20

21

22
(VOID)

22R1
Description

MOA Dated 12-21-10 (Blockpoint 20 Settlement)
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, 4.11, 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
Deleted SBP Sections 3.3.2.3.I, 3.4.2.3, 7.9, 7.10
Amended or added SBP Attachments 1, 2, 3, 4, 7, 14, 16, 23, 25, 26, 27, 28, 29
Deleted SBP Attachments 13 and 19
Throughout SBP, various references to: “SBP Attachment 7 Indentured Parts Price
List and Spare Parts Pricing” are revised to “the SPPC”.

D&MI One Plan Update
Updated SBP Attachments 1, 3, 23, 25
Amended: SBP Section 7.4 per Amendment 3

D&MI One Plan Update
Updated SBP Attachments 1, 2, 3, 16, 23, 25

D&MI One Plan Update
      1. Updated SBP Attachments 1, 2, 3, 16, 23, 25, 27

D&MI One Plan Update
      1. Amended: SBP Section 8.5
2. Updated SBP Attachments 1, 2, 3, 16, 23, 25, 27, 29

MOA Dated 4-8-14 (2015 Sustaining Pricing Agreement)
Amended SBP Section 5.5
Updated SBP Attachment 1

MOA Dated 4-8-14 (2015 Sustaining Pricing Agreement)
Amended SBP Section 5.5
Updated SBP Attachment 1
Date

5/12/11

8/24/11

7/30/12

6/5/13

6/2/14

11/12/14

12/4/14
Approval

R. Parks
M. Kurimsky

M. Guillen
M. Kurimsky

A. Mauldin
M. Kurimsky

Jeff Loomis
C. Cotner

C. Francois
L. Hampton

S. Garcia - Deleone
C. Green

S. Garcia - Deleone
L. Hampton

      

                     

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787 SBP between Boeing and Spirit
SBP BCA-MS-65530-0019, Amendment 22R1, December 4, 2014

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Confidential portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed separately with the Securities and Exchange
Commission. Omissions are designated by the symbol [*****].

5.5    Advance 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 1120 Shipsets such that the Shipset Price, for each of the first
1120 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 [*****]; and $700,000 for
Shipsets 344-1120.

The foregoing recovery of Advance Payments, and the allocation of such recovery
as set forth in the “Advanced Payment Recovery (Per Shipset)” table in
Attachment 1 - “Work Statement and Pricing”, reflects (a) the agreement of the
Parties under Article 4 of the Memorandum of Agreement: 737 / 747 / 767 / 777
Pricing Agreement Through 2015, by and between the Parties, dated April 8, 2014
(“2015 Sustaining Pricing Agreement”) to suspend the applicaton of Advance
Payments for Shipsets delivered during the twelve (12) months beginning on April
1, 2014 and ending on March 31, 2015, (b) the agreement by the Parties that such
suspension shall apply first to the Shipset line units set forth in the table
below, and (c) the assumption that the Production Article Delivery Schedule will
not be modified prior to [*****].

4
787 SBP between Boeing and Spirit
SBP BCA-MS-65530-0019, Amendment 22R1, December 4, 2014

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Confidential portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed separately with the Securities and Exchange
Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment 22R1 Exhibit 2

Work Package
First Line Unit Subject to Suspension
Section 41
[*****]
Pylon
[*****]
Wing - FLE
[*****]
Wing - MLE
[*****]

In the event that the Production Article Delivery Schedule is modified prior to
[*****], the Parties shall, as necessary, amend this Section 5.5 and the
“Advanced Payment Recovery (Per Shipset)” table in Attachment 1 - “Work
Statement and Pricing” to make the same consistent with Article 4 of the 2015
Sustaining Pricing Agreement. For the avoidance of doubt, in no event shall
Boeing resume the recovery of Advance Payments for any Shipsets delivered prior
to April 1, 2015.

In the event that Boeing does not take delivery of 1120 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 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.

5
787 SBP between Boeing and Spirit
SBP BCA-MS-65530-0019, Amendment 22R1, December 4, 2014

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Confidential portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed separately with the Securities and Exchange
Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment 22R1 Exhibit 3

SBP ATTACHMENT 1 TO
SPECIAL BUSINESS PROVISIONS

WORK STATEMENT AND PRICING
img44.jpg [img44.jpg]

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787 SBP between Boeing and Spirit
SBP BCA-MS-65530-0019, Amendment 22R1, December 4, 2014

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Confidential portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed separately with the Securities and Exchange
Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment 22R1 Exhibit 3

SBP ATTACHMENT 1 TO
SPECIAL BUSINESS PROVISIONS

WORK STATEMENT AND PRICING (cont.)
img45.jpg [img45.jpg]

7
787 SBP between Boeing and Spirit
SBP BCA-MS-65530-0019, Amendment 22R1, December 4, 2014

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Confidential portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed separately with the Securities and Exchange
Commission. Omissions are designated by the symbol [*****].

SBP BCA-MS-65530-0019, Amendment 22R1 Exhibit 3
SBP ATTACHMENT 1 TO
SPECIAL BUSINESS PROVISIONS

WORK STATEMENT AND PRICING (cont.)
img46.jpg [img46.jpg]

8
787 SBP between Boeing and Spirit
SBP BCA-MS-65530-0019, Amendment 22R1, December 4, 2014