Cog in the machine...

Spirit AeroSystems Holdings, Inc. today announced that it intends to commence a public secondary offering of 10,307,375 shares of class A common stock. The Company will not receive any proceeds from the offering. The shares are being offered primarily by affiliates of Onex Corporation (“Onex”) and members of management of the Company.

Well, isn't this nice… it looks like we're going to be getting another peek at the magnitude of bonuses our executives have been giving themselves for the past couple of years. I sure do hope the filing happens while we're still in WTPU negotiations and the Company is telling us how we have to give something back because they just can't afford to maintain our benefits.


-- Bill, who'll try to keep this 'blog more active than it's been in the recent past…