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.
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 will provide Spirit AeroSystems with up to $350M cash lifeline
Spirit said Tuesday it will receive up to $350 million in advance payments from Boeing, which will be utilized by the supplier to provide products for Boeing at the rate
Spirit Aero to receive up to $350 million in funding from Boeing
Nov 12 (Reuters) - Spirit AeroSystems (SPR.N), opens new tab said Tuesday that ... Spirit said the advanced payments are to produce Boeing products at the rates required by the planemaker, and "to address Spirit's high levels of inventory and lower ...
Boeing agrees to advance payments to Spirit Aerosystems
Share on Facebook Share on Twitter Boeing has announced that it will pay Spirit Aerosystems up to $350 million to produce Boeing products under an advance payments agreement. The agreement is intended to address several issues,
Spirit AeroSystems Announces Advance Payments Deal With Boeing
(RTTNews) - Spirit AeroSystems Holdings, Inc. (SPR), 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.
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.
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 (NYSE: SPR) today announces an Advance Payments Agreement with Boeing, in which Boeing has committed to pay Spirit, as advance payments, up to a total of $350,000,000.00 to produce Boeing products at the rates required by Boeing.
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Boeing's $350 Million Relief for Struggling Supplier Spirit AeroSystems
Struggling supplier Spirit AeroSystems has secured a vital $350 million in advance ... The funding agreement is intended to help Spirit produce Boeing products at required rates, addressing ...
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.
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