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Boeing completes South Carolina plant acquisition

Post by John Gillie / The News Tribune on July 31, 2009 at 12:27 pm with No Comments »
July 31, 2009 12:27 pm

Boeing Co. has completed its acquisition of a Charleston, S.C., plant that makes large fuselage sections for its oft-delayed 787 Dreamliner.

The company said the nearly $1 billion acquisition from Vought Aircraft Industries was completed Thursday.

Boeing bought the plant after Vought encountered technical and financial problems carrying out its contract to provide major sections of the composite-bodied aircraft.

Boeing had sent dozens of its own engineers millions of its own dollars to Vought when the company was unable to finish its projects on time.

The acquisition will give Boeing a more direct hand in getting the new plant producing efficiently.

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