K N S S News

Wichita City Council to consider long term agreement with Spirit

Agreement would aid plane maker to undertake an expansion 

April 16, 2018 - 11:20 pm
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Wichita officials will consider an agreement with a Kansas-based aircraft supplier for an expansion project.

In December the company announced that it would invest $1 billion in its Wichita plant over five years and hire 1,000 new workers.

The Wichita Eagle reports that Spirit AeroSystems' agreement includes a provision requiring the company to pay $10 million should it leave Wichita in the next 20 years. 

The agreement calls for Wichita and Sedgwick County to establish the Eclipse Investment Association, which will hold the mortgage on a $23 million facility to be constructed on Spirit's campus. The association would hold cash contributions in escrow and pay them out incrementally to Spirit during construction.

The Wichita City Council will consider the agreement Tuesday.

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