Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
In April, Boeing provided a $425 million advance to support Spirit's liquidity. Spirit, Wichita's largest employer with around 12,800 full-time workers, previously disclosed it has spent all of that money, as well as the entirety of a $350 million bridge loan that was set up earlier this year.
In a goodwill gesture to Boeing employees who were furloughed during the Machinists strike, new CEO Kelly Ortberg on ...
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More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.
About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier ...
Boeing says it will be several weeks before it fully resumes building passenger planes, as factory workers return following a ...
Earlier this year, we reported on the DEI troubles at Boeing, which an insider described in this way: “DEI is the drop you ...
HM Dunn AeroSystems CEO Phil Anderson said he's seeing a lack of diversification and balance sheet issues impact some local ...
Spirit AeroSystems Holdings Inc. will start furloughing workers later this month in response to the continuing strike at Boeing Co., the aerostructure supplier’s biggest customer. Spirit will ...
CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company ...
Boeing is also continuing with plans to cut about 17,000 jobs. Meanwhile, the strike exacerbated inventory and storage ...
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