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Spirit to Receive up to $350 Million in Advance Payments
Continuing Coverage: Boeing to pay Spirit AeroSystems up to $350M in advance payments
One week after Spirit AeroSystems announced it has "substantial doubt" about its ability to continue as a going concern, Boeing is offering help.
Boeing Advances $350M to Spirit AeroSystems
The airframe manufacturer will get a new cash infusion from its major customer to ensure it can remain financially stable and maintain inventory, reduce operating expenses,
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.
CompositesWorld
7h
Spirit Q3 financial results raise concern of business viability
Significant anticipated cash deficit and increased operating losses have raised doubts over the company’s ability to continue ...
Flightglobal
1d
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 ...
bovnews
2d
How Does Spirit AeroSystems Holdings Inc (SPR) Stack Up Against Its Industry Peers?
The profit margin, also known as the
revenue
ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability. In terms ...
7d
Spirit AeroSystems Reports "Substantial Doubt" Over Continuing As A Going Concern
In Q3, despite its quarterly revenues climbing slightly to $1.47 million from $1.43 million, Spirit AeroSystems’ costs ...
6d
Bombardier's quarterly revenue beats on services business boost
Bombardier's third-quarter revenue beat analysts' estimates on Thursday, helped by strong demand for business jet parts and ...
3d
Spirit AeroSystems (NYSE:SPR) Coverage Initiated at StockNews.com
Investment analysts at StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR – Get Free Report) in a report ...
19h
Wednesday newspaper round-up: Post Office, Spirit AeroSystems, Flutter
The Post Office is expected to announce the closure of dozens of branches and cut up to 1,000 head office jobs as it seeks to ...
5d
Exclusive: Boeing close to funding agreement to help supplier Spirit Aero, source says
Spirit AeroSystems and Boeing are close to reaching a funding agreement that would give a cash lifeline to the struggling ...
Oregon Business
1d
Spirit AeroSystems
Boeing Machinists Return to Work After Strike But Uncertainty Remains-As it considers deep layoffs, the aerospace giant’s ...
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