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Spirit Aero to receive up to $350 million in funding
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 Receives Lifeline with $350 Million Advance from Boeing
Struggling supplier Spirit AeroSystems secured up to $350 million in advance payments from Boeing amidst cash-flow challenges. The deal follows a strike at Boeing that impacted Spirit's inventory and delivery capabilities.
Spirit Aero to receive up to $350 million in funding from Boeing
(Reuters) -
Spirit
AeroSystems
said Tuesday that planemaker Boeing will pay 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. Reuters had ...
Flightglobal
1h
Spirit AeroSystems secures fresh loan from Boeing amid cash crunch
Boeing has agreed to loan aerostructures manufacturer Spirit AeroSystems up to $330 million, a move coming just days after ...
The Business Journals
7d
New Spirit AeroSystems filing raises further concern over company's health
Three-week furloughs for 700
Spirit
AeroSystems
workers began last week tied to impacts from the Boeing machinists strike. A new Securities and Exchange Commission filing from
Spirit
...
6d
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 ...
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