April 25, 2025
The Tenth Circuit on Friday backed Spirit AeroSystems Inc.'s decision to claw back $31 million worth of stock awards because a former CEO violated his noncompete agreement with the aircraft structure manufacturer, holding a lower court properly ruled the employment pact was enforceable under Kansas law.
October 19, 2021
Spirit AeroSystems Inc. must pay its former CEO $44.8 million for wrongly voiding his retirement package when he joined a proxy battle against aircraft materials supplier Arconic Inc., a Kansas federal judge ruled Tuesday after a bench trial.
October 09, 2019
A Kansas federal judge has ordered Spirit AeroSystems' former president and CEO to produce various documents he asserts are privileged in his suit accusing Spirit of unlawfully withholding $50 million in retirement benefits over his alleged violation of a noncompete agreement.
August 21, 2018
A Kansas federal judge has ruled that Spirit AeroSystems Inc. must face the bulk of its former president and CEO's suit alleging the aerospace manufacturer wrongly withheld $50 million in retirement benefits from him, rejecting the company's claims that his complaint showed he violated a noncompete agreement.
March 30, 2018
The former president and CEO of aerospace manufacturer Spirit AeroSystems Inc. has hit the company with a suit in Kansas federal court seeking $50 million in retirement benefits he says it wrongly withheld on claims he breached a noncompete agreement, saying the company he was courted 鈥� but not picked 鈥� to lead was not Spirit's rival.