Spirit to receive up to $350 million in advance payments from Boeing

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Spirit to receive up to $350 million in advance payments from Boeing

(Reuters) - Spirit AeroSystems (NYSE:SPR ) said on Tuesday that Boeing (NYSE:BA ) will pay a total of up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.

Source: Investing.com

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