Boeing, Spirit

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 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 Aerosystems gains after confirming advance payments pact with Boeing
Spirit Aerosystems (NYSE:SPR) rose 1.6% after the company confirmed that it entered into an advance payments pact with Boeing (BA). Boeing (BA) committed to pay as much as $350 million in the advanced payment pact,
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,
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 Boeing supplier, an industry source familiar with the matter said.
Spirit Aero Receives Lifeline with $350 Million Advance from Boeing
Struggling supplier Spirit AeroSystems secured up to $350 million in advance payments from Boeing amidst cash-flow challenges. The deal follows a strike at Boeing that impacted Spirit's inventory and delivery capabilities.
Boeing close to funding agreement to help Spirit AeroSystems, Reuters reports
Spirit AeroSystems (SPR) and Boeing (BA), which plans to buy its one-time subsidiary, are close to reaching a funding agreement that would give
Spirit AeroSystems gains on report it's close to funding agreement with Boeing
Spirit Aerosystems' stock rose 1% as reports suggest it's near a funding deal with Boeing for a cash boost, potentially announced in the coming days.
Reuters6h
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 planemaker Boeing will pay up to $350 ...
Spirit to Receive up to $350 Million in Advance Payments From Boeing
(Reuters) - Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the ...
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 ...
The Business Journals20h
Boeing lands new 737 Max order as machinists return after strike
The purchase was announced the same day Boeing and Spirit AeroSystems disclosed an agreement in which Boeing will ...
Business Insider1h
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 payments, up to a total of $350M to produce Boeing ...
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 ...