Spirit Aero to receive up to $350 million in funding

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 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive ...
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 products at the rates required by Boeing. Boeing intends these ...
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 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
One week after Spirit AeroSystems announced it has "substantial doubt" about its ability to continue as a going concern, Boeing is offering help.
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.
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 Aero gets planemaker help to prop up weak finances
By David Shepardson, Allison Lampert and Tim Hepher (Reuters) -Spirit AeroSystems said on Tuesday it would receive up to $350 million in advance payments from its largest customer Boeing, giving the struggling supplier a lifeline as it burns cash after four consecutive years of losses.
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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 ...
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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 ...
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Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Spirit AeroSystems will tell employees on Friday that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier's cash and inventory ...
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Spirit could have layoffs after Boeing strike continues
WICHITA, Kan. (KSNW) — On Wednesday night, 64% of Boeing machinists in Washington voted to reject the latest contract offer. A Spirit spokesperson told KSN News that regardless of the outcome ...
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Boeing supplier Spirit AeroSystems says there’s ‘substantial doubt’ about its ability to keep operating
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday ... and difficulties at jet maker Boeing Co. pile up. Back To Top ...
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Hit by Boeing strike, supplier Spirit Aero to furlough 700 employees
Spirit AeroSystems has told employees that it will furlough 700 workers for 21 days as a more than one-month strike at United States-based plane maker Boeing eats into the supplier’s cash and ...