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What: Spirit AeroSystems (NYSE: SPR) shares jumped 10% today after the company settled claims with Boeing (NYSE: BA)

So what: The 787 delays have hit Spirit AeroSystems hard, causing a plunge after last quarter's earnings, but this settlement should give a little lift to investor's spirits. Details of the agreement weren't released, but the company said it would include any impact in its earnings announcement on Feb. 10.

Now what: Spirit is making electronics, the forward fuselage, and other components for the 787, so the delays have had a huge effect on financials. The settlement is great but even better is that the 787 should start shipping this year, barring more delays. A low 15 price-to-earnings ratio before the 787 should only improve next year, and I think this Motley Fool Hidden Gems pick has plenty of room to run this year.

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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Spirit AeroSystems Holdings is a Motley Fool Hidden Gems pick. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.