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Spirit to Receive up to $350 Million in Advance Payments
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.
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 Spirit warned that a cash crunch threatened the viability of its business.
Spirit AeroSystems Announces Advance Payments Agreement with Boeing
Spirit AeroSystems (NYSE: SPR) today announces an Advance Payments Agreement with Boeing, in which Boeing has committed to pay Spirit, as advance payments, up to a total of $350,000,000.00 to produce Boeing products at the rates required by Boeing.
CompositesWorld
20h
Spirit Q3 financial results raise concern of business viability
Significant anticipated cash deficit and increased operating losses have raised doubts over the company’s ability to continue ...
6d
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 ...
bovnews
2d
How Does Spirit AeroSystems Holdings Inc (SPR) Stack Up Against Its Industry Peers?
The profit margin, also known as the
revenue
ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability. In terms ...
8d
Spirit AeroSystems Reports "Substantial Doubt" Over Continuing As A Going Concern
In Q3, despite its quarterly revenues climbing slightly to $1.47 million from $1.43 million, Spirit AeroSystems’ costs ...
4d
Spirit AeroSystems (NYSE:SPR) Coverage Initiated at StockNews.com
Investment analysts at StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR – Get Free Report) in a report ...
9d
MRO demand drives plans for hangar at Air Capital Flight Line after FLRAA move derails separate project
ACFL, owned by developers Johnny Stevens and Dave Murfin, has requested a letter of intent from the Wichita City Council to ...
1d
Wednesday newspaper round-up: Post Office, Spirit AeroSystems, Flutter
The Post Office is expected to announce the closure of dozens of branches and cut up to 1,000 head office jobs as it seeks to ...
12d
Spirit AeroSystems presents Wichita engineering union with four-year contract offer
Spirit AeroSystems has presented its engineering union in Wichita with a four-year contract offer, a spokesperson for the ...
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