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The Company is an independent original parts designer and manufacturer of aerostructures in the world.
"Reflecting increased caution over commercial aero fundamentals driven by slowing GDP growth, consumer spending pressures and airline ticket price rises, we have materially reduced assumptions for air traffic growth. We now believe global air traffic growth could slip into negative territory in 2009 and reflecting this we have cut OE delivery forecasts, now expecting a delivery peak in 09 vs. our prior assumption of 2010. Reflecting this, our Airbus and Boeing (NYSE: BA) delivery forecasts have been cut 13% in 2010 driving a 11% cut to SPR's 2010 EPS."short fun -
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