Spirit Aero to receive up to $350 million in funding

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.
Spirit Aero to receive up to $350 million in funding from Boeing
Spirit previously disclosed it drew down a $350-million bridge loan set up when Boeing agreed to acquire the supplier, and previous advances from Boeing and rival Airbus (AIR.PA), opens new tab that Spirit has not repaid. Spirit Aero's finances suffered ...
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 AeroSystems announces advance payments agreement with Boeing
WICHITA, Kan. (KWCH) - Spirit AeroSystems announced an Advance Payments Agreement with Boeing, in which Boeing has committed to pay Spirit, as advance payments, up to a total of $350 million to produce Boeing products at the rates required by Boeing.
Exclusive: Boeing close to funding agreement to help supplier Spirit Aero, source says
Spirit AeroSystems and Boeing are close to reaching a funding agreement that would give a cash lifeline to the struggling Boeing supplier, an industry source familiar with the matter said.
Spirit to Receive up to $350 Million in Advance Payments From Boeing
Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.
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 gains after confirming advance payments pact with Boeing
Boeing entered a $350 million advance payments pact with Spirit AeroSystems, a key supplier facing financial challenges in the aerospace industry.
Key Boeing supplier Spirit Aero raises doubts over ability to continue as going concern
Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company ...
In wake of Spirit SEC filing, aerospace analyst 'would not be surprised' to see another Boeing cash advance
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
Spirit AeroSystems' Future Faces 'Substantial Doubt'
According to a recent earnings report, Spirit ended Q3 with just $218 million cash on hand. The company previously announced ...
Boeing Supplier Spirit AeroSystems Faces Liquidity Challenges, Raises Doubts About Ongoing Viability
Spirit AeroSystems Holdings Inc. (SPR), a major supplier to Boeing, reported significant operating losses in recent years and raised ...
Spirit AeroSystems Reports "Substantial Doubt" Over Continuing As A Going Concern
In Q3, despite its quarterly revenues climbing slightly to $1.47 million from $1.43 million, Spirit AeroSystems’ costs ...
Airbus nears funding, payment terms with Spirit AeroSystems- Reuters
Airbus nearing funding agreement with Spirit AeroSystems as Boeing commits to $350 million advance payments pact.