Spirit Aero to receive up to $350 million in funding from Boeing
1 day ago · A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023.
Spirit AeroSystems Announces Advance Payments Agreement with Boeing
2 days ago · 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. Boeing intends these payments to address Spirit's high levels of inventory and lower operational cash …
Boeing throws Spirit $350 million lifeline to support output
1 day ago · Boeing has previously advanced cash to Spirit to keep it afloat. In April, the planemaker agreed to inject $425 million into the supplier. Boeing is due to acquire Wichita, Kansas-based Spirit in ...
Spirit AeroSystems Announces Acquisition by Boeing in $8.3 …
Jul 1, 2024 · Spirit AeroSystems [NYSE: SPR] ("Spirit") today announced it has entered into a definitive merger agreement under which The Boeing Company [NYSE: BA] ("Boeing") will acquire Spirit for $37.25 per share in Boeing common …
Boeing agrees to buy Spirit AeroSystems as part of plan to shore …
Jul 1, 2024 · Boeing has agreed to buy Spirit AeroSystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation.
Boeing to Acquire Spirit AeroSystems
ARLINGTON, Va., July 1, 2024 /PRNewswire/ -- Boeing [NYSE: BA] today announced it has entered into a definitive agreement to acquire Spirit AeroSystems [NYSE: SPR]. The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share.
$4.7 billion deal: Boeing is buying supplier Spirit AeroSystems | AP News
Jul 1, 2024 · Boeing has announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion. It says the move will improve plane quality and safety. Boeing previously owned Spirit, and the purchase would reverse a longtime Boeing strategy …
Exclusive: Boeing agrees to buy Spirit Aero for $4.7 billion, …
WASHINGTON, June 30 (Reuters) - Boeing (BA.N) agreed on Sunday to acquire Spirit AeroSystems (SPR.N) for more than $4 billion, two people familiar with the matter said, ending months of talks...
Boeing to Pay Spirit AeroSystems Up to $350 Million in Advance
Spirit is obligated to repay 25% of the advance to Boeing on April 30, June 30, Sept. 30 and Dec. 31 of 2026. Boeing agreed in July to acquire Spirit in an all-stock transaction valued at about $4 ...
Boeing Injects $350 Million Into Struggling Spirit AeroSystems
1 day ago · 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. The agreement reportedly outlines that Spirit must repay Boeing a quarter of ...