Spirit to receive up to $350 million in advance payments from Boeing-February 2024-www.financetom.com

Spirit to receive up to $350 million in advance payments from Boeing

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Spirit to receive up to $350 million in advance payments from Boeing

Nov 12, 2024 6:57 AM

(Reuters) - Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun Koyyur)

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