Boeing buying

  • 30-Jun-2008 08:53 EDT

The Boeing Co. agreed to acquire Vought Aircraft Industries’ interest in Global Aeronautica LLC, a South Carolina fuselage sub-assembly facility for Boeing’s new 787 Dreamliner. Once the transaction is complete, Global Aeronautica will become a 50:50 joint venture between Boeing and Alenia North America, a subsidiary of Italy’s Alenia Aeronautica. Vought will continue to produce the aft fuselage for the 787 at its facility adjacent to Global Aeronautica in North Charleston. Terms of the transaction were not disclosed. Boeing also recently signed a one-year, government-sponsored mentor-protégé agreement with Orion Propulsion Inc. (OPI) to work together on NASA’s Ares I rocket, which will transport astronauts into space after the Space Shuttle retires. Boeing is under contract to NASA to produce the Ares I upper stage and instrument unit avionics. It will build the upper stage at NASA’s Michoud Assembly Facility in New Orleans in late 2009.

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