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(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 ...
The headquarters of Spirit AeroSystems Holdings Inc, is seen in Wichita, Kansas, on December 17, 2019. (Nick Oxford/Reuters)
Spirit AeroSystems turned in a disappointing second-quarter performance, delivering fewer Boeing 737 fuselages and burning through more cash than it did between April and June of 2023.
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. Most of the company's other ...
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 ...
Spirit AeroSystems and Boeing are close to reaching a funding agreement that would give a cash lifeline to the struggling Boeing supplier, an industry source familiar with the matter said. Spirit ...
Spirit AeroSystems Holdings, Inc. is an American manufacturer of aerostructures for commercial airplanes, headquartered in Wichita, Kansas. The company produces fuselage sections for Boeing 's 737 and 787 aircraft, as well as the flight deck sections for a majority of Boeing airliners.
Boeing 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.