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
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Source: Yahoo! Finance Canada
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
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SPR
News
- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) was upgraded by analysts at TD Cowen to a "strong-buy" rating.MarketBeat
- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- The effects of the Boeing strike will be felt for a while [Yahoo! Finance]Yahoo! Finance
- Inside Boeing's struggle to make its best-selling plane again [Yahoo! Finance]Yahoo! Finance
- Are Options Traders Betting on a Big Move in Spirit AeroSystems (SPR) Stock? [Yahoo! Finance]Yahoo! Finance
SPR
Earnings
- 8/5/24 - Miss
SPR
Sec Filings
- 12/20/24 - Form DEFM14A
- 12/9/24 - Form 4
- 12/6/24 - Form 4
- SPR's page on the SEC website