Hexcel Corporation (NYSE:HXL) is looking for M&A. Patrick Winterlich, Chief Financial Officer said, "We are going to start to generate cash, our CapEx levels will remain subdued sort of under $100 million or so for the forthcoming years. And that's going to leave us in a position to exactly do that. Think about some share repurchase, which I imagine we will do some.

But absolutely, we will be looking at M&A".