Boeing (BOE, Washington National) will advance USD425 million to US aerostructure manufacturer Spirit AeroSystems to maintain production levels that meet the OEM’s contractual demands, according to a Memorandum of Understanding (MoU) the parties inked on April 18 and announced on April 23.
The advance payment relates to long-term agreements though which Spirit supplies Boeing’s B737, B747, B767, B777, and B787 commercial aircraft programmes.
In a regulatory filing to the US Securities and Exchange…
Source: ch aviation
Read more: Boeing, Spirit strike 5mn deal to tackle supplier delays