Spirit AeroSystems Announces Second Amended and Restated Memorandum of Agreement with Airbus

Core Points - Spirit AeroSystems has entered into a Second Amended and Restated Memorandum of Agreement with Airbus, which includes a non-interest-bearing line of credit of $107 million to support production for various Airbus programs [1][2] Group 1: Agreement Details - The line of credit will be utilized by Spirit as advance payments for production related to Airbus programs and the delivery of products to Airbus [1] - Repayment obligations for the amounts drawn under the line of credit will be assumed by Airbus or its affiliates upon the closing of related transactions, or repaid by April 1, 2026, if earlier [2] Group 2: Financial Implications - The $107 million line of credit is expected to enhance Spirit's liquidity and support its operational needs in the aerospace sector [1][2]