Spirit to Receive up to $350 Million in Advance Payments

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.
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 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.
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.
Boeing throws Spirit $350 million lifeline to support output
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In wake of Spirit SEC filing, aerospace analyst 'would not be surprised' to see another Boeing cash advance
One prominent Wall Street aerospace sector analyst says Spirit receiving a significant financial hand from Boeing, its biggest customer, is one possibility. In a research note out Thursday ...
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Can Spirit Aero survive and what it means for Boeing acquisition
Investing.com -- Spirit AeroSystems (NYSE:SPR) on Tuesday, November 5, raised concerns about its ability to continue operations, sparking questions about the implications for Boeing (NYSE ...
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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 would be able to continue as a going concern. Last month ...
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