Boeing offers Spirit AeroSystems up to $350M in advance payments to ease cash flow issues.

Spirit AeroSystems has reached an agreement with Boeing for up to $350 million in advance payments. This aid aims to help Spirit manage high inventory levels and lower cash flows, partly due to a recent Boeing employee strike. Spirit must repay 25% of the advance in four installments between April and December 2026.

November 12, 2024
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