Spirit AeroSystems Secures $350M Advance Payments Agreement with Boeing
Spirit AeroSystems has announced an Advance Payments Agreement with Boeing, under which Boeing will provide advance payments totaling up to $350 million. This financial commitment is intended to support Spirit’s production of Boeing components, ensuring that production rates meet Boeing’s requirements. This agreement marks a significant step in Spirit AeroSystems’ collaboration with Boeing, as the funding will provide crucial capital…