Spirit AeroSystems (SPR) and Boeing (BA), which plans to buy its one-time subsidiary, are close to reaching a funding agreement that would give a cash lifeline to the struggling supplier, an industry source familiar with the matter told Reuters’ Allison Lampert and Tim Hepher. A deal could be announced in the next few days, said the source, though he cautioned that it has not yet closed, the report noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPR:
- Spirit Aerosystems Faces Financial Turbulence Amid Merger Costs and Airbus Disposition
- Boeing (NYSE:BA) Haunted By Stranded Astronauts
- Spirit AeroSystems raises doubts over ‘ability to continue as going concern’
- Spirit AeroSystems Shares Confidential Investor Information
- Spirit AeroSystems weighs more furloughs if Boeing strike continues, CNBC says