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What: Spirit AeroSystems
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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