Airbus has committed to providing an additional $94 million in financial support to Spirit AeroSystems, increasing its total assistance to the U.S.-based aerostructures manufacturer to $152 million. This move comes amid efforts to stabilize production and supply chain challenges that have impacted major aircraft programs, particularly the A220 and A320neo families for which Spirit is a key supplier.
Spirit AeroSystems has announced that Sean Black, currently serving as Chief Engineer, will assume leadership of the company’s Wichita, Kansas site after the completion of Boeing’s acquisition in 2025. The appointment reflects Boeing’s intent to streamline site-level management during the post-merger integration phase.
Spirit AeroSystems Holdings, Inc., a major supplier of aerostructures for commercial and defense aircraft, has announced its financial results for the fourth quarter of 2024. The company reported revenues of $1.7 billion, an operating loss of $577 million, and a net loss of $631 million, reflecting continued financial pressures despite an increase in production output.
Airbus has initiated negotiations with Daher, a French aerospace company, for the potential acquisition of aerostructures subassembly activities related to the A320 family near Nantes, France. This move aligns with Airbus’s strategy to streamline its supply chain and strengthen its position in the aerostructures market.
Embraer, a leading global aerospace company, and PT Dirgantara Indonesia (PTDI), Indonesia’s state-owned aerospace corporation, have signed a Memorandum of Understanding (MoU) to strengthen their partnership in the commercial aviation sector. This agreement focuses on enhancing collaboration in engineering and the supply of aerostructures, key components in aircraft manufacturing.
Spirit AeroSystems and Boeing are close to finalizing a funding agreement aimed at providing a critical cash lifeline for Spirit, which has been facing significant financial challenges. The funding comes as Spirit AeroSystems anticipates a cash burn of approximately $450-500 million over the last quarter of 2024 and the first half of 2025. The deal reflects Boeing’s ongoing efforts to support its…
