The world’s largest aerospace company and largest manufacturer of commercial jetliners and military aircraft, Chicago-based Boeing, just bought Vought Aircraft Industries’ North Charleston plant for $580 million.
Boeing plans on accelerating productivity and making improvements to the manufacturing facility in North Charleston that builds fuselage sections 47 and 48 for Boeing’s 787 Dreamliner airplane. Vought’s manufacturing facility in the Lowcountry sits on 240 acres and currently employs around 500 people. The site was chosen in 2004 because of North Charleston’s port access, the airport, rail system infrastructure, and available workforce.
State officials are responding to the buy. Governor Mark Sanford issued a statement today, saying “Boeing’s announcement is a real testament to the dedicated work of our economic development teams at the state and local levels, and it’s also a testament to the workforce and business climate of South Carolina that a world-class company like this is choosing to expand its presence here.”
Congressman Henry Brown of South Carolina’s First District also issued a statement that says: “Today’s announcement of the Boeing Company’s decision to acquire the Charleston operations of Vought Aircraft Industries is great news for the Lowcountry and our state,” Brown went on to say, “I welcome Boeing’s expanded presence in our community and the prospect of continued employment for our workforce.”
When it comes to sales, Boeing is known as one of the largest U.S. exporters in the world, and has customers in 90 different countries.