Spirit Aero gets help from Boeing, Airbus to prop up weak finances
Spirit Aero expects to burn $450-$500 million over next 9 months Spirit must repay $350 million in 2026 Boeing aims to stabilize production, revive supply chain post-strike Plans for a funding agreement with Boeing, first reported last week by Reuters ...
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.
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.
Boeing strike sinks Oct. deliveries to 14 jets
Boeing commercial airplanes quality chief to retire
Once the soaring leader in the aerospace sector with a stock price of around $430 per share and a market capitalization of ...
Boeing plans to cut 10% of its workforce. Employees learn their fate Wednesday. Non-frontline workers are targeted, though ...
Boeing stock slid again Tuesday, but not all the reasons for the drop are good ones. There are a few potential factors ...
Boeing Co. and Airbus SE will provide more than $450 million in financial assistance to help keep key supplier Spirit ...
Tuesday is the deadline for all Boeing machinists to report back to work after their nearly two-month-long strike ended last ...
Once a symbol of American engineering, Boeing is today struggling to find ground in a terrain changed under its wings. A ...
Earlier this year, we reported on the DEI troubles at Boeing, which an insider described in this way: “DEI is the drop you ...
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