Spirit Aero to receive up to $350 million in funding

Spirit Aero to receive up to $350 million in funding from Boeing
Spirit, which must repay the $350 million in 2026, saw its shares rise 1.2%. Boeing, which plans to buy its one-time subsidiary, is trying to revive its battered supply chain and jet production after a 53-day strike halted most of its output. Boeing has ...
Boeing to Pay Spirit AeroSystems Up to $350 Million in Advance
The payments are intended to help 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 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 million in advance payments from its largest customer Boeing, giving the struggling supplier a lifeline as it burns cash after four consecutive years of losses.
Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
Spirit said Tuesday it will receive up to $350 million in advance payments from Boeing, which will be utilized by the supplier to provide products for Boeing at the rate
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 firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses. (Reporting ...
Boeing close to funding agreement to help Spirit AeroSystems, Reuters reports
Spirit AeroSystems (SPR) and Boeing (BA), which plans to buy its one-time subsidiary, are close to reaching a funding agreement that would give
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Boeing lands new 737 Max order as machinists return after strike
The purchase was announced the same day Boeing and Spirit AeroSystems disclosed an agreement in which ... provider has ...
Boeing supplier Spirit AeroSystems says there’s ‘substantial doubt’ about its ability to keep operating
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability ...
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.
Boeing’s Financial Support and Inventory Buffer Strengthen Spirit AeroSystems’ Buy Rating Amid Challenges
TD Cowen analyst Cai von Rumohr maintained a Buy rating on Spirit AeroSystems (SPR – Research Report) today and set a price target of ...
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 warns of ability to continue as going concern amid cash crunch
Spirit AeroSystems, Boeing's key supplier, has raised substantial doubt about its ability to continue as a going concern.