Market Chatter: Spirit AeroSystems Nears Funding Deal With Airbus

MT Newswires Live11-13

Spirit AeroSystems (SPR) is set to finalize an agreement with Airbus over new funding and payment terms as early as Wednesday, Reuters reported Tuesday, citing a source.

The aerospace supplier said last week it was in talks with customers regarding potential advances, according to the report. Last week, Spirit said it reached an advance payments agreement with Boeing (BA) in which the airplane maker has committed to pay Spirit up to a total of $350 million as advance payments.

Spirit AeroSystems and Airbus did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 30.95, Change: -0.06, Percent Change: -0.19

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