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Boeing Completes Vought Purchase, Changes Name

Aerospace company completed its $589 million acquisition of Vought Aircraft Industries that makes sections for its 787 jetliner and will change the plant’s name on Monday.

NORTH CHARLESTON, S.C. (AP) -- A name change is in order now that Boeing Co. has completed its $580 million acquisition of a South Carolina plant that makes sections for its 787 jetliner.

The Post and Courier of Charleston reports the name of the old Vought Aircraft Industries plant is being changed in a Monday ceremony outside the factory near the Charleston International Airport.

The plant makes sections of the 787's fuselage. The purchase is seen as an effort by Boeing to solve supplier problems that have led to costly delays of its new aircraft.

Deliveries of the 787 have been delayed nearly two years partly because of problems with suppliers providing components.

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