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Chad LaGrange Joins CRST as Chief Commercial Officer


Chad LaGrange Joins CRST as Chief Commercial Officer
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CEDAR RAPIDS, Iowa, May 6, 2021 /PRNewswire/ CRST The Transportation Solution, Inc, one of the largest privately held transportation companies in the United States, has named Chad LaGrange Chief Commercial Officer.   
LaGrange brings 20 years of commercial and customer service leadership experience to CRST.  Prior to joining CRST, LaGrange most recently served as Vice President of Sales, Marketing and Business Development for Collins Aerospace, where he was responsible for global sales, marketing and new business development for the Avionics Business Unit.  
(PRNewsfoto/CRST)
During his tenure he held positions of increasing responsibility in Commercial and Government Systems businesses, including Sr. Director of Sales for the Business and Regional Jet market, Sr. Director of Global Customer and Product Support and Sr. Director of Military ....

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Spirit AeroSystems Reports First Quarter 2021 Results


Spirit AeroSystems Reports First Quarter 2021 Results
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WICHITA, Kan., May 5, 2021 /PRNewswire/
Delivered 269 shipsets, compared to 324 in Q1 2020 including 29 737 MAX shipsets in Q1 2021 compared to 18 in Q1 2020; expect to deliver about 160 737 MAX shipsets in 2021
$901 million in Q1 2021 revenue, compared to $1,077 million in Q1 2020
Cash used in operations of $(170) million and free cash flow of $(198) million in Q1 2021 compared to cash used in operations of $(331) million and free cash flow of $(362) million in Q1 2020
Full-year 2021 cash used in operations is expected to be between $(50) to $(150) million; full-year 2021 free cash flow is expected to be between $(200) and $(300) million ....

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Spirit AeroSystems Reports Fourth Quarter and Full-Year 2020 Results


     Represents an amount equal to or in excess of 100% or not meaningful.
2020 was one of the most challenging years in aviation history. For Spirit, the 737 MAX grounding and the COVID-19 pandemic created a dual-crisis. Our response focused on five critical actions: protecting employees, restructuring our cost base, strengthening our liquidity, implementing productivity projects, and diversifying the business with our planned acquisitions, said Tom Gentile, Spirit AeroSystems President and Chief Executive Officer. With these actions, we worked to stabilize our liquidity and ended the year with $1.9 billion in cash while positioning Spirit to continue playing a leadership role in the aviation industry. ....

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