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Stock impact report

Exclusive-Boeing close to funding agreement to help supplier Spirit Aero, source says [Yahoo! Finance Canada]

Spirit Aerosystems Holdings, Inc. (SPR) 
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.spiritaero.com
Allison Lampert and Tim Hepher 3 min read In This Article By Allison Lampert and Tim Hepher (Reuters) - 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. A deal could be announced in the next few days, said the source, who spoke on condition of anonymity about the private talks, although he cautioned that it has not yet closed. Spirit Aero is juggling financial and production challenges, having issued a liquidity warning on Tuesday after four years of losses. It expects to burn around $450 million to $500 million in cash over the last three months of 2024 and first half of 2025, according to filings. Boeing, which plans to buy its one-time subsidiary, is trying to revive its battered supply chain and jet production after a weeks-long strike halted most of its output. Spirit could not be immediately reached. Boeing declined to comme Show less Read more
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