Spirit Aero to receive up to $350 million in funding

Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
There had been speculation about what kind of help could be coming from Boeing after Spirit AeroSystems issued a "going concern" warning last week. A week after Spirit AeroSystems issued a warning about its ability to operate moving forward,
Spirit Aero to receive up to $350 million in funding from Boeing
Boeing has said it plans to gradually resume production of its 737 MAX as machinists are set to return to their jobs Tuesday. Spirit previously disclosed it drew down a $350-million bridge loan set up when Boeing agreed to acquire the supplier, and ...
Boeing Reportedly Set To Announce Funding Agreement For Struggling Spirit AeroSystems
According to Reuters, Boeing and Spirit AeroSystems are close to reaching a funding agreement to give the struggling supplier a cash lifeline. The funding will increase the company's liquidity, which it needs to continue operating for the foreseeable future.
Spirit AeroSystems announces Advance Payments Agreement with Boeing
Spirit AeroSystems (SPR) announces an Advance Payments Agreement with Boeing (BA), in which Boeing has committed to pay Spirit, as advance
Boeing to Pay Spirit AeroSystems Up to $350 Million in Advance
Boeing has agreed to pay Spirit AeroSystems up to $350 million in advance to keep producing products for it as the fuselage supplier works through a liquidity crunch. The jet maker said Tuesday that the advance payments are intended to help Spirit address high levels of inventory and lower operational cash flows.
Boeing to pay Spirit AeroSystems up to $350M in advance payments
On Tuesday morning, Spirit announced that Boeing has committed to paying Spirit up to $350 million in advance payments. The agreement calls for Spirit to produce Boeing products at the rates required by Boeing.
Spirit AeroSystems Announces Advance Payments Deal With Boeing
Tuesday announced an Advance Payments Agreement by which Boeing Co. (BA) will pay an advance of up to a total of $350 million to produce Boeing products at the rates required by Boeing. The payments will help Spirit's high levels of inventory and lower operational cash flows,
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Boeing lands new 737 Max order as machinists return after strike
The order should bring more work to Spirit (NYSE: SPR), Boeing's biggest supplier. Spirit makes approximately 70% of ...
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Boeing's $350 Million Relief for Struggling Supplier Spirit AeroSystems
Boeing, after a sizable strike-induced production halt, plans to resume its 737 MAX production. Spirit AeroSystems' financial struggles intensified when production slumped due to new model ...
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New client orders 40 Boeing planes, may order 40 more
Boeing announced Tuesday that a new customer has ordered 40 of its 737 MAX 8 planes and has the potential to order 40 more ...
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Boeing Hits 2-Year Low As Supplier Spirit AeroSystems Warns Of Cash Flow Crisis: Retail Faith Stays Afloat
Boeing Co. ($BA) shares slipped to a two-year low after falling over 3% to $144.13 on Wednesday morning after Spirit ...
Spirit Aero raises doubts over ability to continue as going concern
U.S. supplier Spirit AeroSystems said on Tuesday in a quarterly filing that substantial doubt exists about the company's ...
Spirit to Receive up to $350 Million in Advance Payments From Boeing
(Reuters) - Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the ...
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As Boeing's Takeover of Spirit AeroSystems Approaches, Going It Alone Becomes Less and Less Viable
For now, Spirit's management is focused on digging Spirt out of the very deep hole it fell into when the Boeing 737 MAX was grounded in 2019, manufacturing flaws in the Boeing 787 came to ...
International Business Times24d
Spirit Aero Announces It's Furloughing 700 Employees Shortly Before Tentative Boeing Strike Deal
An industry source revealed that the company has decreased its production of 737 MAX fuselages ... The scale-back comes as Boeing has been closely monitoring Spirit Aero's financial health ...
Spirit Aero gets planemaker help to prop up weak finances
By David Shepardson, Allison Lampert and Tim Hepher (Reuters) -Spirit AeroSystems said on Tuesday it would receive up to $350 ...