Spirit Aerosystems Holdings, Inc.

Good morning, ladies and gentlemen, and welcome to the Spirit Aerosystems Holding Inc's fourth quarter and full year 2021 earnings conference call. My name is Charlie and I will be coordinating your call today. If you would like to ask a question during the presentation, you may register to do so by pressing star followed by one on your telephone keypad. I would now like to turn the presentation over to Aaron Hunt, Director of Investor Relations. Please proceed.

Thank you, Charlie. Good morning, everyone. Welcome to SPIRIT's fourth quarter and full year 2021 results call. I'm Aaron Hunt, Director of Investor Relations. And with me today are SPIRIT's President and Chief Executive Officer, Tom Gendile, SPIRIT's Senior Vice President and Chief Financial Officer, Mark Suchinsky, and SPIRIT's Executive Vice President, Chief Operating Officer, and President of Commercial Segment, Sam Marnick. After opening comments by Tom, Sam, and Mark regarding our performance and outlook, we will take your questions. Before we begin, I need to remind you that any projections or goals we may include in our discussion today are likely to involve risks, which are detailed in our earnings release, in our SEC filings, and in the forward-looking statement at the end of this web presentation. In addition, we refer you to our earnings release and presentation for disclosures and reconciliation of non-GAAP measures we use when discussing our results. And as a reminder, you can follow today's broadcast and slide presentation on our website at investor.spiritarrow.com. With that, I would like to turn the call over to our Chief Executive Officer, Tom Gentile.

Thank you, Aaron, and good morning, everyone. Welcome to SPIRIT's fourth quarter and full year 2021 results call. Despite the challenges we faced in 2021 due to the ongoing COVID-19 pandemic, we successfully navigated the year delivering cash flow of negative $214 million, which was within the expected range of negative $200 million to negative $300 million that we communicated last year. Throughout the year, we remained focused on keeping our employees safe, meeting our customer commitments, and progressing on our three main priorities, diversifying our revenues, delevering a billion dollars over three years, and driving margins to our 16.5% target. During 2021, we made good progress on our diversification. We substantially completed the integration of the assets we acquired from Bombardier in Belfast, Casablanca, and Dallas, with only minor items remaining. The efforts included exiting the Information Technology Transition Services Agreement with Bombardier six months early, and closing the Defined Benefit Pension Plan in Belfast to new participants. Our Airbus work packages increased significantly from this acquisition, with the addition of the A220 integrated wing and center fuselage, and Strength and Spirit's position as one of the top external suppliers to Airbus. We also became a top supplier to Bombardier with the addition of significant business jet content, The acquisition also increased our aftermarket business and established a good foundation on which we continued to build during the year. In addition, the acquisition even helped grow our defense business. Shortly after closing the deal, we learned that the Belfast team had won the contract to build a loyal wingman demonstrator for the UK Ministry of Defense, known as Project Mosquito. The acquisition was a meaningful accelerator to our diversification efforts. As a result, in the third quarter, we announced we would begin to report financial results in three new business segments, commercial, defense in space, and aftermarket. We also changed our organization to align with these three new segments and appointed Sam Marnick, Dwayne Hawkins, and Kailash Krishnaswamy, respectively, to lead the new segments. I'll turn it over to Sam now to talk more about the commercial segment. Sam?