Spirit sees delivering fewer A320 ship sets this year than previously discussed

On Spirit AeroSystems’ Q1 earnings call, CEO Thomas Gentile stated that execution within factories and mitigating supply chain challenges to meet the upcoming production rate increases across multiple programs remains "one of our major focus areas." Gentile added, according to a transcript: "We’ve made good progress in hiring and training new employees ahead of the planned 737 production rate increases later this year. We continue to expect ongoing supply chain challenges throughout the year, but do expect gradual improvement going into next year. In terms of expected deliveries on our other commercial programs this year, there is no change from what we discussed on our last earnings call of 40 to 45 ship sets on the 787 program and 60 ship sets on the A350 program. We continue to expect to deliver about 75 to 80, A220 units. For A320, we have received an updated production schedule from Airbus and now expected to deliver about 580 ship sets this year, about 85 fewer than we previously discussed last quarter."