Vought Aircraft’s North Charleston facility has officially changed its name after Boeing bought it last month.
The world’s largest aerospace company and largest manufacturer of commercial jetliners and military aircraft, Boeing, bought Vought Aircraft for $580 million to start manufacturing 787 jetliner fuselage.
Monday, Vought changed its name at a ceremony outside of the plant in North Charleston. The buy symbolizes an effort by Boeing to solve recent supplier problems at the plant that have pushed back the manufacturing of the aircraft.
One major problem that Boeing hopes to fix deals with suppliers providing the components to make jetliners, which was the leading cause of delays that costs the company money. It took some suppliers nearly two years to provide the right components.
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.