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Industry News
Boeing acquires Vought 787 operations in South Carolina

Boeing paid $580 million for the North Charleston, S.C., facility, which produces the composite aft fuselage section for the 787 Dreamliner. 

Author:
Posted on: 8/4/2009
High-Performance Composites

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.

“Although we have now closed an important chapter in our company’s history, we take pride in knowing Vought’s contribution will live on in this revolutionary aircraft,” said Elmer Doty, president and CEO of Vought Aircraft Industries. “We salute the successful collaboration on this historic 787 project with state and local officials, business and education leaders and our employees from South Carolina. We are proud to have played a role in establishing the aerospace industry in the Lowcountry.”
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