Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is among the 10 Best Aerospace Stocks to Buy Now. According to recent press reports, Airbus has agreed to provide additional support worth $94 million to the aerostructures supplier, bringing the total financial support to $152 million.
The financial assistance comes in the form of advance payments for aircraft parts. However, the money is to be used exclusively for Airbus programs.
Earlier this year, Airbus announced the signing of a definitive agreement to acquire several industrial assets of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) dedicated to commercial aircraft programs, including the production of A220 wings in Belfast, Northern Ireland.
Latest accounts for Spirit AeroSystems Holdings, Inc. (NYSE:SPR)’s Belfast factory, which is split between Airbus and Boeing, reveal the facility’s losses have ballooned from $338 million to $506 million for the year ended December 2024. Auditors have warned that without further external support, the factory may not stay afloat by the end of September next year.
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