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Spirit AeroSystems Machinists get stock payout

Hourly workers represented by the Machinists union at Spirit AeroSystems will be awarded 150 shares of company stock today. The shares were part of the new contract that went into force June 25.

About 57 shares will be sold for the tax obligation. The remaining shares will be released and can be sold anytime after July 19, the company told employees.

Spirit stock was trading at $20.91, up 13 cents, in late-morning trading.