Boeing, Spirit AeroSystems

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.
Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
There had been speculation about what kind of help could be coming from Boeing after Spirit AeroSystems issued a "going concern" warning last week. A week after Spirit AeroSystems issued a warning about its ability to operate moving forward,
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 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
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.
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 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.
Spirit Aerosystems gains after confirming advance payments pact with Boeing
Boeing entered a $350 million advance payments pact with Spirit AeroSystems, a key supplier facing financial challenges in the aerospace industry.
The Business Journals20h
Boeing lands new 737 Max order as machinists return after strike
Both Spirit and Boeing could use all the positive developments they can ... She had been named to the position in ...
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 ...
KSNW Wichita on MSN3h
New client orders 40 Boeing planes, may order 40 more
Boeing announced Tuesday that a new customer has ordered 40 of its 737 MAX 8 planes and has the potential to order 40 more ...
Boeing Executive To Retire After Less Than A Year As VP Of Quality Amid Factory Restart Efforts
Doug Ackerman, the Vice President, Supplier Quality at Boeing Commercial Airplanes, will replace Lund at the end of her term.
Key Boeing supplier Spirit Aero raises doubts over ability to continue as going concern
Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company ...
TravelPulse25d
Boeing Strike Causes Spirit AeroSystems to Furlough 700 Workers
Spirit AeroSystems, an aerospace company that works closely with Boeing to build aircraft, today announced it was furloughing 700 of its employees due to the ongoing strike by Boeing employees.
Machinists return to work at an unsettled Boeing after 8-week strike
As Boeing's Machinists return after eight weeks on strike, experts predict the work stoppage strained finances for the ...
KSNT Topeka on MSN1d
Spirit Airlines flight bound for Florida hit by gunfire in Port-au-Prince
( The Hill) — A Spirit Airlines flight was hit by gunfire in Port-au-Prince, Haiti. The flight was headed to Fort Lauderdale, ...
Boeing's strike is over. Now, the hard work starts to turn things around.
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...