Spirit Aero gets help from Boeing, Airbus to prop up weak finances
2 days 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.
Exclusive: Boeing close to funding agreement to help supplier Spirit ...
6 days ago · Cash support from Airbus also an option: source. Nov 8 (Reuters) - Spirit AeroSystems (SPR.N) and Boeing (BA.N) are close to reaching a funding agreement that would give a cash lifeline to the ...
Spirit AeroSystems Announces Advance Payments Agreement with Boeing
3 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 flows, decrease in expected deliveries to ...
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.
Spirit Aero to be broken up as Boeing agrees $4.7 billion stock deal
July 1 (Reuters) - Boeing (BA.N) agreed to buy back Spirit AeroSystems (SPR.N) for $4.7 billion in stock and Airbus moved to take on the supplier's loss-making Europe-focused activities,...
Boeing Is Said to Offer Stock to Buy Spirit, Preserving Cash Amid ...
Jun 25, 2024 · The plane maker is expected to soon strike a deal to acquire most of the operations of Spirit AeroSystems, a troubled supplier that makes the bodies of the 737 Max.
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.
Airbus and Boeing near deal to carve up aerospace supplier Spirit ...
Jun 21, 2024 · Airbus is nearing a deal with Spirit AeroSystems to take over parts of the aerospace supplier’s work on some of its key aircraft programmes, paving the way for Boeing to purchase the rest of...
Boeing to Pay Spirit AeroSystems Up to $350 Million in Advance
2 days ago · 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 ...