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Spirit, Airbus and Boeing
Airbus Outlines Next Steps In Acquisition Of Spirit AeroSystems' Work Packages
Airbus is on track to finalize its acquisition of a work package from Spirit AeroSystems before the end of 2024, marking a significant step in its strategy to enhance its supply chain and production capabilities.
Spirit Aero gets help from Boeing, Airbus to prop up weak finances
Spirit AeroSystems said on Tuesday it would receive up to $350 million in advance payments from its largest customer Boeing and up to $107 million from Airbus , giving the struggling supplier a lifeline as it burns cash after four consecutive years of losses.
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, according to a statement on Tuesday.
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 to receive up to $350 million in funding from Boeing
By David Shepardson and Allison Lampert (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.
Hosted on MSN
1d
Aviation giants bail out major Northern Ireland employer in $450m rescue
Boeing and Airbus will provide $450m (£353m) in emergency funding to troubled supplier
Spirit
AeroSystems
, which employs ...
12d
Spirit Belfast deal ‘to complete by year end’
Airbus says it expects its takeover of part of the Spirit AeroSystems operation in Belfast to be completed by the end of the ...
7d
In wake of Spirit SEC filing, aerospace analyst 'would not be surprised' to see another Boeing cash advance
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
The Irish News
23d
Belfast aircraft workers ‘in limbo’ as Spirit stays silent on workload split
Unions representing more than 3,500 workers at
Belfast
aircraft maker
Spirit
AeroSystems
are seeking clarity on the future of one of the north’s biggest manufacturing firms, and claim management ...
5d
on MSN
Boeing Reportedly Set To Announce Funding Agreement For Struggling Spirit AeroSystems
According to Reuters, Boeing and Spirit AeroSystems are close to reaching a funding agreement to give the struggling supplier ...
10d
Key piece of Boeing's Spirit AeroSystems acquisition — involving aviation giant's arch-rival — remains on track
A Spirit spokesperson said Airbus' stated timeline for finalizing the purchase of certain Spirit assets "aligns with our ...
7d
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 ...
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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