Boeing and Airbus Inject $450 Million to Stabilize Spirit AeroSystems

The funding aims to support Spirit AeroSystems amid financial struggles and production challenges following a strike and safety issues.

Spirit AeroSystems secures $350 million from Boeing and $107 million from Airbus to address liquidity issues and stabilize operations.
The funding comes in response to Spirit's 'going concern' warning, highlighting potential inability to meet financial obligations.
Spirit AeroSystems has faced production setbacks due to a Boeing strike and quality control issues, impacting its cash flow and inventory levels.
Boeing plans to reacquire Spirit AeroSystems, a former subsidiary, with the merger expected to complete by mid-2025.
Airbus and Boeing's funding is crucial for maintaining production rates and supporting Spirit's key role in their supply chains.