Spirit AeroSystems News

Reuters • Tim Hepher

Airbus CEO: Smooth Talks with Spirit AeroSystems Amid Industrial Challenges

Airbus CEO reports progress in negotiations for acquiring parts of Spirit AeroSystems, emphasizing potential difficulties in integration. The move aims to streamline operations despite anticipated industrial hurdles in merging Spirit's capabilities within Airbus's structure.

2024-11-19T16:02:25.291538-08:00

The Business Journals

Spirit AeroSystems Divests Hypersonics Unit FMI to Tex-Tech for $165M

2024-11-19T05:34:12.165005-08:00

Bloomberg

Boeing and Airbus Aid Spirit AeroSystems with $457M Lifeline Amid Cash Crunch

2024-11-12T07:17:43.081654-08:00

Reuters

Boeing Nears Cash Infusion Deal with Spirit AeroSystems

2024-11-08T12:54:04.617029-08:00

Spirit AeroSystems News Timeline

Reuters

Airbus CEO: Smooth Talks with Spirit AeroSystems Amid Industrial Challenges Airbus CEO reports progress in negotiations for acquiring parts of Spirit AeroSystems, emphasizing potential difficulties in integration. The move aims to streamline operations despite anticipated industrial hurdles in merging Spirit's capabilities within Airbus's structure.

2024-11-19T16:02:25.291538-08:00

Airbus CEO: Smooth Talks with Spirit AeroSystems Amid Industrial Challenges

The Business Journals

Spirit AeroSystems Divests Hypersonics Unit FMI to Tex-Tech for $165M Amid financial struggles and an impending Boeing acquisition, Spirit AeroSystems is offloading Fiber Materials Inc., a hypersonics specialist, to Tex-Tech Industries. The transaction, valued at $165 million, marks a significant step in Spirit's strategy to streamline its operations before the acquisition completion.

2024-11-19T05:34:12.165005-08:00

Spirit AeroSystems Divests Hypersonics Unit FMI to Tex-Tech for $165M

Bloomberg

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Boeing and Airbus Aid Spirit AeroSystems with $457M Lifeline Amid Cash Crunch Spirit AeroSystems secures financial lifelines totaling $457 million, with $350 million from Boeing and $107 million from Airbus. These advances aim to stabilize the struggling supplier facing financial challenges, inventory excess, and diminished cash flows impacting its operational capabilities.

2024-11-12T07:17:43.081654-08:00

Boeing and Airbus Aid Spirit AeroSystems with $457M Lifeline Amid Cash Crunch

Reuters

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Boeing Nears Cash Infusion Deal with Spirit AeroSystems Boeing is reportedly finalizing a funding agreement with Spirit AeroSystems, aimed at providing financial support to the supplier. This arrangement is expected to be announced soon, boosting Spirit's liquidity and potentially impacting its stock performance.

2024-11-08T12:54:04.617029-08:00

Boeing Nears Cash Infusion Deal with Spirit AeroSystems

The Business Journals

Boeing's Possible Cash Advance to Spirit AeroSystems Amid SEC Filing Concerns Following Spirit AeroSystems' recent SEC filing, discussions around potential cash advances are prominent. The filing has sparked industry speculation, supported by aerospace analysts' views, that Boeing might provide another cash advance to the major supplier amid ongoing financial challenges.

2024-11-07T13:40:16.592561-08:00

Boeing's Possible Cash Advance to Spirit AeroSystems Amid SEC Filing Concerns

Breaking Defense

Bell Textron Confirms FLRAA Fuselage Assembly in Wichita Bell Textron will commence FLRAA fuselage production at a new facility in Wichita, following the transition of work from Spirit AeroSystems. This aligns with Bell's strategy to leverage composite fuselage expertise, enhancing production modularity and supporting future manufacturing development for the V-280 Valor platform.

2024-11-06T11:06:04.248420-08:00

Bell Textron Confirms FLRAA Fuselage Assembly in Wichita

Reuters

Spirit AeroSystems Faces Uncertainty Amid Severe Cash Crunch Spirit AeroSystems has expressed substantial doubt regarding its ability to continue as a going concern. The company has reported over $600 million in reduced liquidity in 2024 and implemented furloughs for 700 employees, highlighting ongoing financial strain linked to Boeing-related disruptions.

2024-11-05T14:42:14.940623-08:00

Spirit AeroSystems Faces Uncertainty Amid Severe Cash Crunch

kake.com

Spirit AeroSystems and SPEEA Agree on Tentative Four-Year Wichita Engineers Contract A new four-year contract has been tentatively agreed upon by Spirit AeroSystems and the Society of Professional Engineering Employees in Aerospace (SPEEA), impacting union-represented engineers in Wichita. This agreement marks a critical development in labor relations at the manufacturing facility.

2024-11-01T11:34:05.720396-07:00

Spirit AeroSystems and SPEEA Agree on Tentative Four-Year Wichita Engineers Contract

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