Spirit AeroSystems' Cash Advances Aren't Surprising -- Market Talk
Spirit AeroSystems received prepayments of over $0.45 billion from Boeing and Airbus.
On November 13th, Spirit AeroSystems announced that it will receive prepayments of up to $0.35 billion from its largest customer Boeing, and up to $0.107 billion from Airbus. Spirit AeroSystems is a major supplier to Boeing, Airbus, Bombardier, and other small jet manufacturers. Following Boeing's recent strike settlement, Spirit AeroSystem's inventory backlog has increased, and delivery volume has decreased. The company recently warned of significant doubts about its continued operation capabilities. Spirit spokesperson Joe
Express News | Spirit AeroSystems - Enters Second Amended Agreement With Airbus
Press Release: Spirit AeroSystems Announces Second Amended and Restated Memorandum of Agreement With Airbus
Express News | Spirit AeroSystems - Under Moa, Airbus S.a.s. Agreed to, Provide a Non-Interest Bearing Line of Credit to Co $107.0 Mln
Market Chatter: Spirit AeroSystems Nears Funding Deal With Airbus