Log in to use our free company, program and sector update tracker feature.

Front page

Boeing announces agreement to acquire Vought share of Global Aeronautica

The Boeing Company [NYSE: BA] announced today it has agreed to acquire Vought Aircraft Industries' interest in Global Aeronautica, LLC, a South Carolina fuselage sub-assembly facility for Boeing's newest airplane, the 787 Dreamliner. After the transaction is complete, Global Aeronautica will become a 50-50 joint venture between The Boeing Company and Alenia North America, a subsidiary of Italy's Alenia Aeronautica -- a Finmeccanica company. Vought will continue to produce the aft fuselage for the 787 at its facility adjacent to Global Aeronautica in North Charleston.

Closing will occur following receipt of regulatory approvals. Terms of the transaction were not disclosed. The transaction will not affect Boeing's current financial guidance. Boeing's supplier management organization will continue to oversee Global Aeronautica along with the other major 787 supplier-partner team members.

"As a partner in the Global Aeronautica joint venture, Boeing will work with Alenia to apply proven lean manufacturing expertise to continue improving the efficiency and productivity of GA's operations, while Vought will focus on its primary business of delivering quality aft fuselage structures for the 787," said Pat Shanahan, vice president and general manager of the 787 program. "All three partners in this transaction -- Boeing, Vought and Alenia -- believe these changes will enable the 787 team to continue to overcome supply-chain challenges of the program."

Elmer Doty, president and chief executive officer, Vought Aircraft Industries, said, "This seamless transition of joint venture ownership will build upon the strong foundation already established within Global Aeronautica. Selling our interest has no impact on our adjacent facility, where the Vought 787 team remains focused on manufacturing composite fuselage sections for this incredible airplane."

Giuseppe Giordo, president and chief executive officer, Alenia North America, said, "The 787 program is a strategic program for Alenia and its presence in South Carolina. We are confident that with Boeing as an investor, the successful work of Global Aeronautica will continue thanks to the hard work and dedication of its management and employees."

"We look forward to working with the Global Aeronautica team and continuing our relationships with Vought and Alenia as we move ahead on the 787 program," said Shanahan.

Press release issued by Boeing Commercial Airplanes on March 28, 2008


 Contact details from our directory:
Boeing Commercial Airplanes Airframer
Triumph Aerostructures - Precision Components Aircraft Structural Components, Empennages, Aircraft Doors, Nacelles, Wings, Helicopter Assemblies, Fuselage Sections, Wing Spoilers, Wing Flaps, Air Refuelling Systems, Wire Assemblies, Testing Services, Wing Spars, Fairings, Aircraft Flooring
Leonardo Aeronautics (Alenia) Airframer


 Related aircraft programs:
Boeing 787 Dreamliner

Enhanced listings:

General Plastics Manufacturing Co.
GP has been supplying OEMs, Tier 1 & 2 companies with flame-retardant foam core materials and custom flexible foam molded parts for aircraft flight decks and interior cabins for over 50 years.

Victrex Plc
New VICTREX® AE250 composites and hybrid molding technology are changing the equation in Aerospace composites – find out more!

Beckwood Press
Your single source for aerospace forming equipment. Manufacturer of Triform Sheet hydroforming presses.

Dymax Corporation
A leading manufacturer of advanced light-curable adhesives, maskants, coatings, oligomers, light-curing equipment, and fluid dispense systems.

The world's leading provider of thermal processing services to aerospace primes and their supply chains.

See our advertising tariff.


data pages remaining in monthly quota for non-subscribers

© Copyright of Airframer Limited, operated under licence by Stansted News Limited 2017. Terms & Conditions of reading.