SPR Jul 2024 32.000 call
| Previous close | 3.3400 |
| Open | 2.6000 |
| Bid | 2.2000 |
| Ask | 3.0000 |
| Strike | 32.00 |
| Expiry date | 2024-07-19 |
| Day's range | 2.6000 - 3.1000 |
| Contract range | N/A |
| Volume | |
| Open interest | 638 |
ReutersBoeing, Spirit agree $425 million deal to address supplier's issues
The agreement announced by Spirit on Tuesday comes amid talks between the two for Boeing to buy the fuselage supplier, a former subsidiary, and as the planemaker tries to get control of a sprawling crisis sparked by a mid-air panel blowout in January. Under the deal, Spirit will maintain a production rate that supports Boeing's contractual production demand. Spirit, one of the industry's major manufacturers of large aircraft structures, has struggled with cash flow problems over the past few quarters and quality issues surrounding the fuselages it makes for Boeing's 737 narrowbody jets.
- Reuters
UPDATE 2-Boeing, Spirit agree $425 mln deal to address supplier's issues
Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the U.S. aviation regulator capped the planemaker's 737 MAX production. The agreement announced by Spirit on Tuesday comes amid talks between the two for Boeing to buy the fuselage supplier, a former subsidiary, and as the planemaker tries to get control of a sprawling crisis sparked by a mid-air panel blowout in January. Under the deal, Spirit will maintain a production rate that supports Boeing's contractual production demand.
BloombergBoeing Plan to Buy Spirit Complicated by Airbus-Linked Factories
(Bloomberg) -- Boeing Co.’s plan to buy back supplier Spirit AeroSystems Holdings Inc. has become mired in protracted discussions over pricing for factories that make components for Airbus SE, complicating the US planemaker’s efforts to gain tighter control over manufacturing quality. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsRay Dalio
