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Boeing, Spirit AeroSystems
Boeing Injects $350 Million Into Struggling Spirit AeroSystems
Boeing has agreed to give Spirit AeroSystems , the company that develops aircraft fuselages, a hefty financial boost. The US planemaker will provide up to $350 million in advance to support the production of products as the supplier grapples with a liquidity crisis.
Boeing is giving its troubled supplier Spirit AeroSystems an awkward $350 million bailout
Fuselage manufacturer Spirit AeroSystems (SPR) sounded the alarm last week that it might not be able to stay in business much longer. On Tuesday, it announced that former and future owner Boeing (BA) would be coming through with a $350 million bailout.
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.
1d
Boeing throws Spirit $350 million lifeline to support output
Boeing Co. will advance Spirit Aerosystems Holdings Inc. as much as $350 million as the planemaker gives its most important ...
8d
Spirit AeroSystems Issues Going-Concern Warning
The designer and manufacturer for commercial and defense aircraft said its liquidity has been affected in part by the strike ...
8d
on MSN
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 ...
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