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Boeing, Spirit AeroSystems
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.
Continuing Coverage: 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.
Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
In April, Boeing provided a $425 million advance to support Spirit's liquidity. Spirit, Wichita's largest employer with around 12,800 full-time workers, previously disclosed it has spent all of that money, as well as the entirety of a $350 million bridge loan that was set up earlier this year.
2d
on MSN
Airbus revised funding terms with Spirit AeroSystems confirmed (update)
Airbus (OTCPK:EADSY) is nearing an agreement to provide funding and revised payment terms to Spirit AeroSystems (NYSE:SPR) as ...
bovnews
5h
Why Did Spirit AeroSystems Holdings Inc (SPR) Stock Plunge -2.22% Last Week?
The Benchmark Company has recently reduced Spirit AeroSystems Holdings Inc (SPR) stock to Hold rating, as announced on June 20, 2024, according to Finviz. Earlier, on February 8, 2024, TD Cowen had ...
9d
New Spirit AeroSystems filing raises further concern over company's health
"We retain a range of options and levers to address our financial and spacing constraints and are working with our customers ...
CompositesWorld
1d
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 ...
Oregon Business
2d
Spirit AeroSystems
Boeing Machinists Return to Work After Strike But Uncertainty Remains-As it considers deep layoffs, the aerospace giant’s ...
Reuters
2d
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 ...
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