Boeing Co. has offered a substantial financial support package to Spirit Aerosystems Holdings Inc., providing up to $350 million to strengthen production capabilities. This move is in preparation for Boeing's planned acquisition of its key supplier, ensuring that Spirit can meet the production demands for Boeing aircraft.
The funds will be used to improve production readiness, aligning with Boeing's requirements for aircraft manufacturing rates. The advanced amount is expected to be repaid by the end of 2026, highlighting the strategic partnership between the two companies as they navigate the complexities of the aerospace market.