Nov 1 (Reuters) - Spirit Aerosystems Holdings Inc SPR.N
* Says world class cost competitiveness in supply chain will remain a priority
* Says company is going to be cash positive on A350 program by the end of this year, going into early next year
* Says Airbus asking company to bid on a number of new work packages; says all three - fuselage, wing and propulsion - are areas of interest with Airbus
* Says if company looks at M&A, it will have to be something that targets strategic priority, such as, getting into low cost country, expanding work with key suppliers, moving perhaps into military sector
* Says has been able to negotiate with suppliers some long term improvements, that are driving down costs and improving cash flow in the out year
* Says since January this year, Spirit Aero has been able to take out almost 2200 hours, or about 17 percent of direct labor, from the production process of Boeing (NYSE:BA) 787 program
* Says, in terms of acquisition opportunities, could look at "something bigger and more transformative perhaps in the future"
* Says has initially established 500 units in the second block of Boeing 787 program Further company coverage: SPR.N