$Spirit Aerosystems(SPR)$ In June, we hosted a visit by the U.S. Air Force Secretary Barbara Barrett. That same day Spirit was awarded an $80 million contract allocation through the Defense Production Act Title III funding provisions. The contract will allow Spirit to expand its domestic production capability and capacity for advanced tooling, composite fabrication and metallic machining, as well as enable us to maintain and protect critical workforce capabilities caused by the COVID-19 disruption. We've been able to start work on projects related to the $80 million and we'll see some benefit in 2020. However, we'll see a larger impact over the next few years.

The defense pipeline is strong and we continue to be actively engaged in discussions with the defense primes on how to leverage the available capacity at Spirit to support them. We are positioned and ready to compete for new growth opportunities to support the Spirit defense business. We also recently announced two exciting new agreements. The first agreement was with Virgin Hyperloop. This collaboration will leverage Spirit’s engineering, certification, supply chain, fabrication and assembly capabilities to assist in Virgin Hyperloop's development of a new mode of transportation that can travel at speeds of up to 700 miles per hour using electric propulsion through a low-pressure tube.
The second agreement was with Aerion, which expanded our partnership for design to production of the forward fuselage for the AS2 supersonic business jet. This partnership is another exciting opportunity for Spirit to work with the company on the leading edge of development in the aviation industry. Our composite engineering and production leadership fits well with the development of the forward pressure fuselage for the Aerion AS2 program. We look forward to continued collaboration and innovation with both companies to move these products forward in their development.

Also, I wanted to share an update on how we are helping our nation combat the global COVID-19 pandemic. We are working with Vyaire, the largest pure-play respiratory company in the world to produce ventilators for global distribution. Today, we have produced and shipped thousands of ventilators to the U.S. strategic stockpile, U.S. customers and customers around the world. We now have over 800 workers assigned to the project and the capability to produce over 300 ventilators per day. The new factory that we have established will help Vyaire fulfill their order of producing over 22,000 ventilators for the U.S. government and fulfilling other orders around the world.

Spirit continues to increase our ventilator production rate on a steady pace. This project demonstrates the transferability of Spirit’s capabilities in design engineering, industrial engineering, supply chain management, fabrication, complex assembly, and functional system and testing to the manufacturer of other highly sophisticated products.

Our other efforts to grow and diversify are the two acquisitions that we have announced. We continue to see the long-term strategic value in both the Asco and Bombardier Aerostructures acquisitions. And remain engaged in discussions with both parties on the conditions needed for closure of those deals.

The long stop date of the Asco acquisition agreement is October 1. We are still working to meet the conditions of the European Commission on that deal. The long stop date for the Bombardier acquisition agreement is October 31. We continue to work with Bombardier to meet those conditions precedent, some of which remain outstanding.