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Business/Financial

Boeing To Acquire Vought Operations In South Carolina

DDN

Wednesday, July 8th, 2009

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Moving to tighten its supply chain in the development and production of the 787 Dreamliner aircraft program, Boeing [BA] yesterday said it has agreed to acquire Vought Aircraft Industries' facility in South Carolina that is constructing two composite barrel sections of the 787 fuselage for $580 million. The facility in North Charleston doesn't produce any structures for military aircraft. Terms of the deal include releasing Vought of any obligations to repay $422 million in advance payments Boeing made to the…

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