The Boeing Co. (Seattle, Wash.) announced on July 30 that it has completed the acquisition of the business and operations of Vought Aircraft Industries (Dallas, Texas) at its North Charleston, S.C., facility. The site produces an aft fuselage segment of the 787 Dreamliner, built primarily from carbon fiber/epoxy composites.
The move seals a deal in the works since July 7. Boeing paid $580 million (USD) for the facility as part of its effort to gain better control of the supply chain for the 787. Supply chain problems have shouldered some of the blame for the fact that the 787 program is two years behind schedule.
Under a new name, Boeing Charleston will be managed directly by executives within the 787 program and will operate as a wholly owned subsidiary. Boeing Charleston will continue to perform fabrication, assembly and systems installation for 787 aft fuselage sections, which are made primarily of composite materials.