Spirit AeroSystems, Boeing

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.
Boeing's Lifeline: Spirit AeroSystems Secures $350 Million
Boeing provides Spirit AeroSystems with $350 million in advance payments to support the cash-strapped supplier amidst financial and production challenges. Spirit continues to face cash burn and inventory issues while working with customers to stabilize its operations.
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.
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 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 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,
Airbus nears deal on funding, payment terms with Spirit Aero, source says
Airbus is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems on fresh funding and revised payment terms, a person familiar with the matter said.
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.
Hosted on MSN24d
Boeing's Machinist Strike Forces Spirit AeroSystems To Announce Furloughs & Hint Imminent Layoffs
OK), the United Kingdom (Belfast and Prestwick), France (Saint Nazaire), Malaysia (Subang), and Morocco (Casablanca). Boeing will purchase Spirit AeroSystems in an all-stock transaction.
Flightglobal2h
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 ...
Kiplinger4mon
Boeing to Acquire Spirit AeroSystems: What to Know
Boeing (BA) announced early Monday that it will buy Spirit AeroSystems (SPR ... to acquire assets in Northern Ireland, Scotland and Malaysia to handle certain commercial work packages that ...
Forbes5d
Spirit AeroSystems
Spirit AeroSystems Holdings, Inc. designs and manufactures commercial aero structures and systems. It supplies aerostructures to the Boeing commercial aircrafts. The company operates business ...
Spirit AeroSystems raises doubts over ‘ability to continue as going concern’
Accordingly, these conditions and events raise substantial doubt about the Company’s ability to continue as a going concern…” Published first on TheFly – the ultimate source for real-time, ...
Yahoo Finance6d
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 ...
The Business Journals7d
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 ...