Spirit to Receive up to $350 Million in Advance Payments

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
Spirit Aerosystems (NYSE:SPR) rose 1.6% after the company confirmed that it entered into an advance payments pact with Boeing (BA). Boeing (BA) committed to pay as much as $350 million in the advanced payment pact, according to a statement on Tuesday.
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.
Spirit Aero to receive up to $350 million in funding from Boeing
By David Shepardson and Allison Lampert (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.
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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Airbus nearing funding agreement with Spirit AeroSystems as Boeing commits to $350 million advance payments pact.
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Company that Boeing intends to buy says it 'will require additional liquidity to continue its operations over the next 12 months' Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on ...
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Spirit AeroSystems says layoffs, furloughs may be needed
WICHITA, Kan. (KSNW) — In a new filing with the government, Spirit AeroSystems says there is “substantial doubt about the Company’s ability to continue as a going concern.” It also says a ...
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Spirit AeroSystems Issues Going-Concern Warning
Spirit AeroSystems Holdings warned it has substantial doubts about its ability to continue operating as a going concern after reporting billions of dollars in net losses in the last four years ...
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Spirit Aero raises doubts over ability to continue as going concern
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Spirit AeroSystems responds after Boeing strike ends
“The conclusion of the strike and the impending return of Boeing employees hearten us,” Joe Buccino, Spirit AeroSystems media relations, said in a statement. “As announced, the furloughs of ...