Boeing strikes $580 million deal for acquisition of 787 parts plant in SC
Boeing strikes $580 million deal for acquisition of 787 parts plant in SC

In an evident effort to curb supplier problems related to 787 parts, Boeing Co. has struck a $580 million deal for the acquisition of a Vought Aircraft Industries-owned plant that manufactures large sections of its 787 jetliner.

The South Carolina plant produces barrel-like fragments – chiefly made out of lightweight materials - of the 787’s fuselage; which fit between the airliner’s wings and tail.

The purchase of the plant by Boeing will help the company avoid the unwarrantedly expensive delays of the next-generation aircraft, which have delivered a severe blow to the company's reputation.

For the 2003-launched 787 airliner, Boeing has been using parts supplied from manufacturers around the world; later assembling them at its plant near Seattle. But, the company has had to face many problems, including like ill-fitting parts, which have adversely affected the airliner’s final production, and caused delays in its delivery. However, despite the problems, Boeing has not changed its 787 production plan.

Commenting on the Boeing move to buy the 787 parts plant, analyst Richard Aboulafia - at the aerospace consultancy, the Teal Group – said: “This clearly is more about securing the supply chain and undoing numerous mistakes. It's a good move, it's a proactive move, it undoes some damage. But on the other hand, it shows the 787 program still has more than a few challenges to overcome.”
 

Latest News

Scarborough Hospital Compensates for Negligence in Baby Harry Death Case
Twins Blinded by Uncommon, Incurable Condition
Sight Problems Predicted to Rise in the UK
After Receiving Brain Stroke, Three Years Old Is Doing Just Fine
Wheal Agar Ward of Royal Cornwall Hospital Closed Down For Investigation
Patients Altering their Appointments With Specialists
Father Shoots Girl’s Laptop, Posts Video on Youtube
Apple Begins Inspection
Researchers Blame Technological Advancements For Kids’ Poor Sleeping Pattern
The Google Motorola Deal Approved By US and EU
Replace Sugary Drinks with Water to Lose Weight
NASA Scientists Develop New Space Testbed