Boeing to acquire 787 supplier Vought | The Daily Star
11:00 PM, July 07, 2009 / LAST MODIFIED: 11:00 PM, July 07, 2009

Boeing to acquire 787 supplier Vought

Boeing said Tuesday it would acquire the business and operations conducted by Vought Aircraft Industries at its South Carolina facility.
Vought, also a US company, builds a key structure for Boeing's 787 Dreamliner airplane.
The 580 million dollar deal is expected to be completed in the third quarter of this year.
"Integrating this facility and its talented employees into Boeing will strengthen the 787 program by enabling us to accelerate productivity and efficiency improvements as we move toward production ramp-up," said Scott Carson, chief executive of Boeing Commercial Airplanes.
Elmer Doty, chief executive of Vought Aircraft Industries, said "the financial demands" of the program were "clearly growing beyond what a company our size can support."
After the transaction, Vought will continue its work on many Boeing programs.

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