Spirit AeroSystems has completed an amendment to its formal contract with Boeing regarding claims associated with the development and production of the long-range majority-composite 787-8.
"With this agreement we continue to reinforce our partnership with our largest customer as we work together for the long-term success of the 787 programme," said Phil Anderson, Spirit senior vice president and CFO.
The specific terms of the agreement were not disclosed.
Years of delays and design changes have driven up the development cost to Spirit, which as a supplier was initially entitled to payment at the time of the first 787 delivery, originally scheduled to Japan's All Nippon Airways in May 2008.
For the larger 787-9 currently in development and due for first delivery to Air New Zealand in late 2013, Spirit will be paid as development progresses, rather than the original model envisioned for the 787-8.
Spirit is responsible for design and fabrication of the aircraft's composite barrel forward fuselage, engine pylons and wing leading edge for all 787 models.