Spirit Aero to receive up to $350 million in funding

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.
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.
Hundreds of Spirit AeroSystems employees furloughed amid Boeing strike
Around 700 Spirit AeroSystems employees are being furloughed as a result of the ongoing strike by Boeing machinists that began last month, the company announced Friday.
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.
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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Spirit AeroSystems loses big FLRAA contract from Textron's Bell division
Spirit AeroSystems' defense portfolio has taken ... have huge implications for Spirit and Wichita, with each V-280's fuselage being built by Spirit in the city. The FLRAA program is ...
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Bell drops Spirit AeroSystems as supplier of FLRAA fuselages
Spirit describes that fuselage as being composed of an aluminium sub ... senior director of media relations at Spirit AeroSystems. Bell does not specify why it dropped Spirit from the ...
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Spirit Aero raises doubts over ability to continue as going concern
Nov 5 (Reuters) - Spirit AeroSystems (SPR.N), opens new tab ... Kansas-based supplier that produces the fuselage for the planemaker’s strongest-selling 737 MAX jet. Spirit's cash balance ...
Key piece of Boeing's Spirit AeroSystems acquisition — involving aviation giant's arch-rival — remains on track
A Spirit spokesperson said Airbus' stated timeline for finalizing the purchase of certain Spirit assets "aligns with our ...
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Airbus expects to sign Spirit work-package acquisition contract before year-end
Airbus aims to sign a contract by the end of this year for the acquisition of work packages currently managed by US firm ...
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 ...