Hello, Guest!
  • Friday, November 22, 2024

Patrick Shanahan, William Fitzgerald Join Spirit AeroSystems Board

Patrick Shanahan, former acting secretary at the Department of Defense, and 38-year General Electric (NYSE: GE) veteran William Fitzgerald have joined the board of directors at Spirit AeroSystems Holdings (NYSE: SPR).

Shanahan, a previous Wash100 inductee, will be part of the audit and compensation committees where he brings leadership experience at the DOD and a more than three-decade career with Boeing (NYSE: BA), Spirit AeroSystems said Friday.

He led the department on an acting basis for more than five months after his tenure in the Pentagon’s No. 2 civilian post from July 2017 to January 2019.

Spirit AeroSystems said Fitzgerald, former vice president and general manager of commercial engine operations at GE Aviation, will serve on the audit and the governance and nominating committees.

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports