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January 2, 2007 | Peter Pae, Times Staff Writer
After nearly 40 years of assembling fuselage sections for the world's largest flying passenger airliner, Vought Aircraft Industries Inc.'s sprawling Hawthorne factory appeared in danger of joining a long list of Southern California aerospace plants that have been shuttered in recent years. With orders for Boeing Co.'s 747 jumbo jet dwindling, the production rate steadily fell to one fuselage a month from a high of six a decade ago.
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BUSINESS
January 2, 2007 | Peter Pae, Times Staff Writer
After nearly 40 years of assembling fuselage sections for the world's largest flying passenger airliner, Vought Aircraft Industries Inc.'s sprawling Hawthorne factory appeared in danger of joining a long list of Southern California aerospace plants that have been shuttered in recent years. With orders for Boeing Co.'s 747 jumbo jet dwindling, the production rate steadily fell to one fuselage a month from a high of six a decade ago.
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BUSINESS
September 3, 2005 | John O'Dell, Times Staff Writer
As striking Boeing commercial aircraft workers walked picket lines Friday, workers at subcontractor Vought Aircraft Industries' plants in Hawthorne, Torrance and Brea were told to think business as usual. In an e-mail read to the three plants' nearly 700 employees, Dallas-based Vought said the company expected to continue a full schedule of work on its Boeing commercial contracts through at least Sept. 16. "After that, it depends on what Boeing tells us," spokeswoman Lynne Warne said.
BUSINESS
September 3, 2005 | John O'Dell, Times Staff Writer
As striking Boeing commercial aircraft workers walked picket lines Friday, workers at subcontractor Vought Aircraft Industries' plants in Hawthorne, Torrance and Brea were told to think business as usual. In an e-mail read to the three plants' nearly 700 employees, Dallas-based Vought said the company expected to continue a full schedule of work on its Boeing commercial contracts through at least Sept. 16. "After that, it depends on what Boeing tells us," spokeswoman Lynne Warne said.
BUSINESS
July 8, 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.
BUSINESS
July 25, 2000 | Associated Press
Northrop Grumman Corp. completed the $843-million sale of its commercial aircraft structures business to Carlyle Group. The unit, with about 6,000 employees, builds fuselages for the Boeing 747 and other Boeing passenger jets at plants in California, Texas, Georgia and Florida, Century City-based Northrop said in a news release. In addition to the cash payment, Carlyle Group will assume about $400 million in unfunded retirement benefits.
BUSINESS
October 19, 2005 | From Reuters
European plane maker Airbus' parent company EADS will make a key piece of U.S. archrival Boeing Co.'s latest passenger jet, in a sign of how outsourcing can overcome national pride. Boeing supplier Vought Aircraft Industries Inc.'s announcement this week that EADS would be a subcontractor on its work on the 787 Dreamliner was at first glance a surprise considering that Boeing and Airbus are facing off in a trade battle.
BUSINESS
November 21, 2003 | From Bloomberg News
Boeing Co., the world's largest airplane maker, said 35% of the structure of its proposed 7E7 Dreamliner would be made by Japanese companies Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd. and Fuji Heavy Industries Ltd. Mitsubishi, Kawasaki and Fuji will make most of the wing components for the 7E7, while Kawasaki and others will produce the midsection, Boeing said. Alenia Aeronautica, a unit of Italy's Finmeccanica, and closely held Vought Aircraft Industries Inc.
BUSINESS
March 29, 2008 | From Times Wire Services
Lockheed Martin Corp. beat out Boeing Co. to win a $766.2-million Pentagon contract to design and build a radio system connecting aircraft, ships and ground stations military-wide. The deal, announced Friday, could lead to the installation of tens of thousands of radios and ultimately be worth billions to the company.
BUSINESS
September 14, 2006 | Roger Vincent, Times Staff Writer
The former North American headquarters of Nissan Motor Co. in the South Bay is being acquired by a Los Angeles real estate developer for more than $75 million. Kearny Real Estate Co., which specializes in improving and repositioning large Southern California real estate assets, will spend as much as $10 million to "freshen up" the 1970s-vintage, 42-acre office and industrial campus before putting the buildings on the market for lease or sale, Kearny Managing Partner Jeff Dritley said Wednesday.
BUSINESS
February 13, 2007 | From the Associated Press
Boeing Co. announced Monday that it would propose a redesigned version of the 767 jetliner as its entry in the bidding for a $40-billion contract to supply the Air Force with new aerial refueling tankers. The aerospace giant said it had tweaked the design of its 767 long-range freighter to improve fuel-efficiency and allow it to take off and land on shorter runways. Chicago-based Boeing is competing against Century City-based Northrop Grumman Corp.
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