Airbus follows Boeing's cash lifeline to Spirit AeroSystems with an assist of its own
Hours after announcing it will receive up to $350 million in advance payments from Boeing, Spirit said it has an updated memorandum of agreement with Airbus stating the European aerospace giant will provide the major supplier with a $107 million non-interest-bearing line of credit.
Update 4:23pm: Adds Spirit confirmation. Airbus (OTCPK:EADSY) agreed to provide revised funding terms to Spirit ...
Boeing has agreed to loan aerostructures manufacturer Spirit AeroSystems up to $330 million, a move coming just days after ...
Spirit AeroSystems (SPR) announces an Advance Payments Agreement with Boeing (BA), in which Boeing has committed to pay Spirit, as advance payments, up to a total of $350M to produce Boeing ...
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
On Friday, Spirit AeroSystems Holdings Inc (SPR) stock saw a modest uptick, ending the day at $31.15 which represents a slight increase of $0.29 or 0.94% from the prior close of $30.86. The stock ...
Spirit AeroSystems (SPR) announces a Second Amended and Restated Memorandum of Agreement with Airbus (EADSY), in which Airbus has agreed to provide Spirit a non-interest-bearing line of credit ...
According to a recent earnings report, Spirit ended Q3 with just $218 million cash on hand. The company previously announced ...
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