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Boeing to buy 787 jet parts plant

July 08, 2009|Times Wire Reports

Boeing Co. will pay $580 million for a plant that makes large sections of its 787 jetliner, an apparent effort to rein in supplier problems that have led to costly delays of the next-generation aircraft and hurt the company's credibility.

The plant, in North Charleston, S.C., and owned by Vought Aircraft Industries Inc., makes barrel-like sections of the 787's fuselage that fit between the wings and tail and consist mostly of lightweight materials.

Deliveries of the 787 have been postponed by nearly two years partly because of problems with components made by suppliers.

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