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Boeing buys control of Global Aeronautica - Live5News.com | Charleston, SC | News, Weather, Sports

Boeing buys control of Global Aeronautica

By Live 5 News Staff email | Twitter

SEATTLE, WA (WCSC) - Boeing acquired Alenia North America's half of Global Aeronautica, LLC, and is now the sole owner of that entity, it announced Tuesday.

Alenia North America is a fuselage subassembly facility for Boeing's 787 Dreamliner.

Operationally, Boeing will integrate the Global Aeronautica facility with the rest of Boeing's organization in North Charleston.

"The Boeing Charleston site is critical to the success of the 787 program," said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. "Ultimately, we believe integration of the site will increase productivity for the 787 program and allow us to maintain our long-term competitiveness."

The acquisition was effected through a wholly owned subsidiary of Boeing; other terms were not disclosed.

"We are proud of the major contribution we have made over the past four years through our partnership in Global Aeronautica to the 787 program and to the state of South Carolina," said Giuseppe Giordo, president and CEO of Alenia North America.

Global Aeronautica, LLC, began in 2004 when Alenia North America and Vought Aircraft Industries formed a 50/50 joint venture in support of the Boeing 787 Dreamliner.

In 2008, Boeing purchased Vought's interest in Global Aeronautica, making the company a 50/50 joint venture between Alenia North America and Boeing.

Global Aeronautica's integration entails the joining of the mid-fuselage sections, the installation and testing of associated elements, and the application of surface finishes to more than 60 percent of the 787's fuselage.
Global Aeronautica sits adjacent to the Boeing Charleston site and shares a 240-acre campus.

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