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About 70% of Spirit AeroSystems' revenue last year came from work done for Boeing, according to Spirit's latest annual report. That is up from 60% two years earlier. That is up from 60% two years ...
The company’s Q2 financial report, released Monday, covers the period immediately before news of Boeing finalizing a deal to buy back Spirit broke on July 1. Spirit’s stock closed down 2.24% ...
WASHINGTON (Reuters) -Boeing agreed on Sunday to acquire Spirit AeroSystems for $37.25 per share, in an all-stock deal that values the supplier at more than $4 billion, according to two sources ...
The agreement allows Boeing to start clawing back some of that amount later with $265 million in price reductions between 2026 and 2033 on the 737 parts Spirit makes.
The Boeing acquisition is important since Kansas-based Spirit Aero has said it has total financial liquidity of just $890 million but expects to burn $650 million to $700 million in free cash ...
Boeing is in talks to buy back Spirit Aerosystems, ... It was the latest and most serious in a host of flaws on the Boeing 737 Max, Boeing’s best-selling jet. ... In Other News. Entertainment.
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the ...
(Reuters) -Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn ...