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                                                                    Exhibit 10.2

                              EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into as of the 3
day of August, 2005 (the "Effective Date"), by and between Spirit AeroSystems,
Inc. a Delaware corporation (the "Company"), and Ulrich Schmidt ("Executive").

                                    Recitals

     WHEREAS, Executive has agreed to become the Chief Financial Officer of the
Company pursuant to the terms and conditions of this Agreement; and

     WHEREAS, the parties desire to enter into this Agreement, setting forth the
terms and conditions for the employment relationship of the Executive with the
Company during the Employment Period (as hereinafter defined).

     NOW THEREFORE, in consideration of the foregoing, and the representations,
warranties, and covenants hereinafter, the parties hereto agree as follows:

     1. Employment. At all times during the Employment Period (as hereinafter
defined), the Company shall employ Executive in the capacity of Chief Financial
Officer of the Company. In such capacity, Executive shall devote his full
business time and professional efforts to such position, shall be assigned and
undertake those duties and tasks as are appropriate for a person in such
position, which may include serving as a member of the Board of Directors of the
Company (the "Board") or as an executive officer or member of the board of
directors of Spirit AeroSystems Holdings, Inc. ("Parent") or any subsidiary of
the Company or the Parent (the Parent, the Company, and any such subsidiaries,
the "Affiliated Companies") at the Company's reasonable request, and shall
exercise such authority as is customarily exercised by a Chief Financial Officer
of the Company subject to the overall supervision of the Board and the Chief
Executive Officer of the Company, and shall comply with all Company policies,
including, but not limited to, those dealing with ownership of inventions,
patents, and other intellectual property.

     2. Employment Period. The term of this Agreement shall commence on August
15, 2005, or such other date as the parties may mutually agree, but not later
than September 12, 2005 (the "Commencement Date"), and shall expire, subject to
earlier termination of employment as hereinafter provided, on the third
anniversary of the Commencement Date ("Employment Period"); provided, however,
that on the second anniversary of the Commencement Date and each anniversary
thereafter of such date, the Employment Period shall automatically be extended
for an additional one (1) year period unless prior thereto: (a) either party has
given written notice to the other that such party does not wish to extend the
term of this Agreement, or (b) the parties have agreed to otherwise extend this
Agreement.

     3. Compensation. Except as otherwise provided for herein, throughout the
Employment Period the Company shall pay or provide Executive with the following,
and

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Executive shall accept the same, as compensation for the performance of his
undertakings and the services to be rendered by him throughout the Employment
Period under this Agreement, including, without limitation, any services as a
member of the Board (it being understood and agreed that Executive will not
receive any additional compensation for serving as a member of the Board or as
an officer or member of the board of directors of any other Affiliated Company
at the Company's reasonable request):

          (a) Annual Compensation.

               (i) Base Salary: Four Hundred Thirty-Two Thousand Five Hundred
     Dollars ($432,500.00) per year (the "Base Salary"), payable in accordance
     with the Company's usual pay practices, to be reviewed annually by the
     Board (or, at the Board's direction, a committee of the Board) but the Base
     Salary may not be reduced by the Board to an amount that is less than the
     highest amount Executive has attained on an annualized basis, unless such
     reduction is part of (and no greater than the percentage of) a general
     salary reduction applied to all senior executives of the Company as a
     group. For purposes of the Agreement, the term "senior executives" shall
     mean, with respect to the Company, the highest paid ten officers of the
     Company. Notwithstanding the foregoing, for the portion of the Employment
     Period prior to September 12, 2005 (if any), Executive shall be paid a pro
     rated Base Salary, based on the actual number of days Executive is
     performing services for the Company at its offices in Wichita, Kansas.

               (ii) Annual Incentive Compensation: In addition to Base Salary,
     Executive shall be provided target incentive compensation (either in cash
     or common stock of the Parent or any combination of the foregoing, as
     specified by the Board of Directors of the Parent or other administrative
     committee of the Company's Short-Term Incentive Plan, as in effect from
     time to time (the "STIP")) pursuant to the terms and conditions of the
     STIP; provided, however, that at least 50% of any benefits payable to
     Executive pursuant to the STIP each year shall be paid to Executive in
     cash. The first year incentives shall include 160% of Base Salary if target
      incentives are reached and 320% of Base Salary upon achievement of
     outstanding goals. For 2005, Executive shall receive a prorated bonus based
     on the number of days worked.

          (b) Benefit Plans. Executive shall also participate in the Company's
other employee benefit plans, policies, practices, and arrangements in which all
senior executives are eligible to participate, or plans and arrangements
substituted therefor or in addition thereto, including without limitation any
defined benefit retirement plan, excess or supplementary plan, profit sharing
plan, savings plan, health and dental plan, disability plan, survivor income and
life insurance plan, executive financial planning program, other arrangement, or
any successors thereto, the Executive Investment Plan ("EIP"), STIP, and such
other benefit plans, any and all of which may be amended by the Company from
time to time, (collectively hereinafter referred to as the "Benefit Plans");
provided, however, that Executive shall not participate in any of the Benefit
Plans unless and until Executive commences performing services for the Company.
The Executive's entitlement to any other compensation or benefits shall be
determined in accordance with the terms and conditions of the Benefit Plans and
other applicable programs, practices, and arrangements then in effect.


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          (c) Vacation. From and after September 12, 2005, Executive shall have
vacation of no less than four (4) weeks per year, and all paid holidays given by
the Company to its executive officers.

          (d) Fringe Benefits. All fringe benefits and perquisites typically
offered to senior executives of the Company, all in accordance with the
Company's policies as the same may be amended from time to time.

          (e) Withholding Taxes. Except as provided in Section 5(a)(vi), the
Company shall have the right to deduct from all payments made to Executive
hereunder any federal, state, or local taxes required by law to be withheld with
respect to such payments.

          (f) Expenses. During the Employment Period, the Company shall promptly
pay or reimburse Executive for all reasonable out-of-pocket expenses incurred by
Executive in the performance of duties hereunder in accordance with the
Company's policies and procedures then in effect.

     4. Office. Throughout the Employment Period the Company shall provide an
office to Executive in Wichita, Kansas, the location and furnishings of which
shall be equivalent to or better than the offices provided to other senior
executives of the Company at the primary location of Executive's employment, and
the Company shall provide secretarial services and other administrative services
to Executive that shall be equivalent to or better than the secretarial services
and other administrative services provided to other senior executives of the
Company.

     5. Transition Benefits. In consideration of Executive's agreement to accept
employment with the Company and relocate to Wichita, Kansas, the Company will
provide Executive with the following benefits in connection with such
transition.

          (a) Relocation Benefits. The Company will provide Executive with the
following benefits in connection with Executive's relocation to Wichita, Kansas:

               (i) Reimbursement of Executive's reasonable expenses of moving
     Executive and Executive's family and tangible personal property to Wichita,
     Kansas.

               (ii) Reimbursement of the reasonable and customary brokerage
     commission incurred upon sale of Executive's home in Charlotte, North
     Carolina.

               (iii) Reimbursement of Executive's reasonable temporary living
     expenses in Wichita, Kansas, including, without limitation, all commuting
     expenses of Executive and Executive's spouse between North Carolina and
     Kansas and all home, furniture, and vehicle rental expenses for Executive
     and Executive's spouse, for the lesser of (i) the period until Executive
     sells his house in Charlotte, North Carolina, or (ii) twenty-four (24)
     months after the Commencement Date, it being understood that Executive
     shall use commercially reasonably efforts to sell Executive's house in
     Charlotte, North Carolina in a timely manner.


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               (iv) Reimbursement of Executive's reasonable legal fees incurred
     in connection with Executive's relocation to Wichita, Kansas and the
     negotiation of Executive's employment agreement with the Company.

               (v) Payment of a one-time cash payment equal to two (2) months of
     Executive's Base Salary to reimburse Executive for all other miscellaneous
     expenses associated with Executive's relocation to Wichita, Kansas, it
     being understood that such payment, along with the other amounts
     specifically set forth in this Section 5(a), shall represent all of the
     benefits to be provided by the Company in connection with Executive's
     relocation to Wichita, Kansas.

                (vi) Payment of all taxes associated with Executive's receipt of
     the foregoing benefits so that after payment of all taxes by Executive,
     Executive shall have the total amount of such benefits. The Executive shall
     take such steps as the Company may reasonably request to substantiate any
     of the foregoing expenses.

          (b) Benefits in Lieu of Foregone Executive Compensation. In
consideration of all executive compensation benefits foregone by Executive upon
termination of Executive's employment with The Goodrich Corporation
("Goodrich"), including, but not limited to, benefits under any supplemental
executive retirement plan, excess benefit plan, benefit restoration plan,
restricted stock plan, option plan, or any other plan, agreement, or arrangement
providing executive compensation benefits, the Company will make a one-time cash
payment to Executive of Four Million One Hundred Thousand Dollars
($4,100,000.00), it being understood that this amount has been determined on the
assumption that Goodrich will not withhold payment of Executive's pro rated 2005
performance bonus and/or earned performance shares. Executive will vigorously
pursue payment from Goodrich of both Executive's pro rated 2005 performance
bonus and Executive's earned performance shares (collectively, the "Goodrich
Amounts"), it being understood, however, that Executive may, but shall not be
required to, commence legal action against Goodrich (other than exhaustion of
administrative remedies, if any) in order to obtain payment of the Goodrich
Amounts by Goodrich. Failing payment of the Goodrich Amounts by Goodrich,
however, the Company will additionally compensate Executive for the Goodrich
Amounts.

     6. Termination. This Agreement shall terminate upon the following
circumstances:

          (a) Without Cause. At any time at the election of either Executive or
Company for any reason or no reason, without cause. For purposes of this
Agreement, termination of the Agreement by the Company without cause shall
include, without limitation:

               (i) Constructive Discharge. Executive's duties and
     responsibilities are materially and adversely altered and/or, except as
     provided in Section 3(a)(i), Executive's Base Salary is materially reduced
     by the Company, in either case without Executive's consent, and/or the
     Company commits a material breach of this Agreement.

               (ii) Change in Control. Following a change in control of the
     Company (as determined under the EIP), Executive (A) is not offered
     continued employment with the Company (or its successor) in the position of
     Chief Financial Officer having duties,


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     compensation, and geographic location that are, in all material respects,
     at least as favorable as the position held by Executive with the Company at
     the time of the change in control (a "Comparable Position"), or (B)
     continues to perform services for the Company (or its successor) after the
      change in control but, within twelve months following the change in
     control, is assigned to a position that is not a Comparable Position.

          (b) Cause. At any time at the election of Company for Cause. "Cause"
for this purpose shall mean Executive committing a material breach of this
Agreement or acts involving moral turpitude, including fraud, dishonesty,
disclosure of confidential information, or the conviction of a felony, or direct
and deliberate acts constituting a material breach of his duty of loyalty to
Company. "Cause" for this purpose also shall mean Executive willfully or
continuously refusing to, or willfully failing to, perform the material duties
reasonably assigned to him by the Board that are consistent with the provisions
of this Agreement and not resulting from a Disability, unless such refusal or
failure is cured by Executive within a reasonable time not to exceed 30 days
after written notice to the Executive by the Company. Executive shall not be
deemed to have been terminated for Cause unless and until there shall have been
delivered to Executive a copy of a resolution, duly adopted by the Board.

          (c) Disability or Death. Executive's being unable to render the
services required to be rendered by him during the Employment Period for a
period of one hundred eighty (180) days during any twelve-month period
("Disability") or Executive's death.

     7. Effect of Termination.

          (a) Voluntary Termination. If Executive's employment is voluntarily
terminated by Executive, the Company shall pay Executive's Base Salary through
point of termination and pay one half (1/2) a pro rated bonus under the STIP for
the time worked at the time incentive compensation would otherwise be payable
under the STIP for the year of termination on the basis of the Company's
performance relative to target achieved for that full year, provided that,
following termination of Executive's employment, all benefits payable to
Executive under the STIP shall be paid in cash. With regard to the EIP,
Executive shall not be credited with any additional years of service for vesting
purposes following voluntary termination of employment by Executive. Except as
may otherwise be expressly provided in this Agreement, in any Benefit Plan or
other agreement between the Company and Executive, Company shall have no further
obligation to Executive other than to reimburse Executive for reasonable
business expenses incurred prior to termination.

          (b) Termination for Cause. If Executive's employment is terminated by
Company for Cause, the Company shall pay Executive's Base Salary through point
of termination. With regard to the EIP, Executive shall not be credited with any
additional years of service for vesting purposes following termination of
employment and shall acquire an interest in shares under the EIP only to the
extent provided therein. Except as may otherwise be expressly provided in this
Agreement, in any Benefit Plan or other agreement between the Company and
Executive, Company shall have no further obligation to Executive other than to
reimburse Executive for reasonable business expenses incurred prior to
termination.


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          (c) Termination By Expiration of Agreement. If Executive's employment
is terminated because of the expiration of the Employment Period without
renewal, Company shall (i) continue to pay Executive his Base Salary in effect
immediately prior to the end of the Employment Period for a period (the "Expiry
Period") equal to the greater of: (A) 12 months from the end of the Employment
Period, or (B) the duration of the Non-Competition Period (as defined below);
(ii) with regard to the STIP, pay a bonus at the time incentive compensation
would otherwise be payable under the STIP for the year of termination on the
basis of the Company's performance relative to target achieved for that full
year and, in respect of the remainder of the Expiry Period, pay a bonus at the
time incentive compensation would otherwise be payable under the STIP for the
year or years (or part thereof) in the remaining portion of the Expiry Period on
the basis that the Company achieved target for such year or years, but pro rated
for the portion of each such year or years that fell within such remaining
portion of the Expiry Period, provided that, following termination of
Executive's employment, all benefits payable to Executive under the STIP shall
be paid in cash, and provided further that Executive shall acquire 100% of the
interest in any shares previously granted to Executive under the STIP in which
Executive has not yet acquired an interest pursuant to the STIP at the time of
termination of Executive's employment; and (iii) continue to pay the Company's
portion of the premium costs or other costs of coverage of medical benefits of
Executive and, if Executive's family has medical benefits with the Company at
the time Executive's employment terminates, Executive's family that portion of
such coverage paid by the Company for other executive officers at the level of
coverage elected by Executive during his employment) after termination during
the Expiry Period or until Executive commences full-time employment in an
executive position with another employer, if earlier.

     In addition to the foregoing and notwithstanding any conflicting position
of any other agreement (including, but not limited to, that certain Investor
Stockholders Agreement, dated as of June 16, 2005, by and between Spirit
AeroSystems Holdings, Inc. (f/k/a Mid-Western Aircraft Systems Holdings, Inc.)
and its stockholders) (the "Stockholders Agreement"), upon termination of
Executive's employment because of expiration of the Employment Period without
renewal, Executive shall have the option to sell to the Company (the "Put
Option") and the Company shall have the option to purchase from Executive (the
"Call Option"), in either case for a period of 180 days following expiration of
the Employment Period, all or any portion of the shares of stock in the Parent
held by Executive at that time (which will not include shares granted pursuant
to the EIP Plan in which Executive has not yet acquired an interest) for an
amount equal to the Fair Market Value (as defined below) of such shares as of
the date the Put Option or Call Option is exercised (or, if both such options
are exercised at different times but with respect to the same shares, as of the
earlier of the two exercise dates). For this purpose, "Fair Market Value" shall
mean (i) if shares of stock in the Parent are not listed or quoted on a
nationally recognized market or exchange, the amount determined by the Board of
Directors of the Parent, in good faith, taking into account the value of
comparable companies, historical performance of the Company and without regard
to minority discounts, and reasonably anticipated future performance of the
Company, and (ii) if shares of stock in the Parent are listed or quoted on a
nationally recognized market or exchange, the closing price per share of such
stock on the date of the exercise of the Put Option or Call Option, as
applicable (or the next following business day, if such option is not exercised
on a business day). An option described herein shall be exercisable only upon
written notice from the e