Michael Ciarmoli's questions to Hexcel Corp (HXL) leadership • Q4 2024
Question
Michael Ciarmoli inquired about the possibility of extending the company's currency hedging policy to lock in favorable rates and asked for more detail on the strategy to engage more directly with defense prime contractors.
Answer
Executive Patrick Winterlich noted that while the company remains vigilant, there are no imminent plans to alter the current 10-quarter hedging policy. Chairman, CEO & President Tom Gentile explained that direct engagement with defense primes means strengthening relationships to get involved earlier in their innovation cycles, ensuring Hexcel's materials are designed into future programs from the outset.