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Spirit Aerosystems gains
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 Injects $350 Million Into Struggling Spirit AeroSystems
Boeing has agreed to give Spirit AeroSystems , the company that develops aircraft fuselages, a hefty financial boost. The US planemaker will provide up to $350 million in advance to support the production of products as the supplier grapples with a liquidity crisis.
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.
American Machinist
25m
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 ...
9h
Boeing throws Spirit $350 million lifeline to support output
Boeing Co. will advance Spirit Aerosystems Holdings Inc. as much as $350 million as the planemaker gives its most important ...
Flightglobal
12h
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 ...
7d
on MSN
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 ...
The Business Journals
1d
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 ...
Globalair
1d
Boeing explores possible Jeppesen sale, report says
A recent report claims Boeing is looking into the possible sale of its Jeppesen navigation unit. After a rocky 2024, the sale ...
Business Insider on MSN
5d
Boeing's strike is over. Now, the hard work starts to turn things around.
"It will take time to work off the massive inventory that
Boeing
has today, but quality needs to improve as well," said ...
5d
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 ...
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