Boeing Closes on Global Aeronautica Acquisition

AINonline
June 11, 2008, 6:00 AM

Boeing announced today it has closed on the deal to acquire Vought Aircraft Industries’ interest in Global Aeronautica, the South Carolina fuselage subassembly maker for the Boeing 787. Under the terms of the transaction, Global Aeronautica becomes a 50-50 joint venture between The Boeing Company and Alenia North America, a subsidiary of Italy’s Alenia Aeronautica.

Vought continues to produce the aft fuselage for the 787 at its facility adjacent to Global Aeronautica in North Charleston.

Closing occurred following receipt of regulatory approvals on June 3. Although it would not disclose the terms of the transaction, Boeing said it would not affect its current financial guidance.

Global Aeronautica employs more than 300 people and is responsible for joining and integrating 787 fuselage sections from Alenia and other structural partners. Along with joining the majority of the mid-body fuselage sections, the joint venture company also installs and tests associated systems and applies primer on the sections. Vought produces aft fuselage sections 47 and 48 in a new 342,000-sq-ft building and employs about 300 workers at its South Carolina plant.

Alenia builds the center fuselage sections 44 and 46 in Italy and delivers them to the Global Aeronautica facility for integration. Alenia also manufactures the horizontal stabilizer of the 787 in its plant in Foggia, Italy.

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