Boeing moves to speed-up Dreamliner production
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Boeing has agreed to buy Vought Aircraft Industries’ 787 Dreamliner operations to help speed production after incomplete work at the facility had contributed to on-going delays.
According to a Bloomberg report, the US planemaker will pay US$580 million in cash as well as forgiving about US$422 million in advance payments. South Carolina-based Vought makes the rear sections of the composite fuselage for the Dreamliner, which is built in pieces before being and shipped to Boeing’s plant in Washington for final assembly.
The 787’s entry into service has been set back five times, partly due to suppliers not completing all the work they had agreed to, leaving more for Boeing workers to complete. Boeing had reportedly identified Vought as a problem partner and bought other operations from the company last year. The acquisition “should increase the efficiency and seamlessness within the 787 supply chain,” Rob Stallard, analyst with Macquarie Capital was reported saying.
Scott Carson, President & CEO of Boeing Commercial Airplane, said the move “will strengthen the 787 program by enabling us to accelerate productivity and efficiency improvements.”
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