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Vought Aircraft Industries, Inc. recently delivered its 800th unit
of wing components to Airbus in the United Kingdom for the A330/A340
family of commercial airplanes.
In May, Vought signed a life-of-program contract extension with
Airbus to be its sole-source supplier on the A330/A340 for mid- and
outboard leading edge assemblies, top panel assemblies, center spar
assemblies and mid-rear spars. The contract also covers A340-500/600
mid- and outboard leading edge assemblies, top skins and stringers,
center spar assemblies and mid-rear spars. Vought will deliver its
800th unit of A330/340 wing components to Airbus in Germany next year.
"This is a significant production milestone on the Airbus
program," said Neil Peace, Vought's Airbus program director. "With
more than 600 of our Nashville employees supporting Airbus, it is
rewarding for us to play a role in this successful aircraft program."
In 1988, the company became the first major U.S. supplier to
Airbus with the award of wing components for the A330/A340. Initial
deliveries began in 1990.
The U.S. Air Force has identified the tanker replacement KC-X
program as its top acquisition priority. A Northrop Grumman-led
consortium is offering a version of the Airbus A330 jet for the KC-X
competition.
Vought Aircraft Industries, Inc. (www.voughtaircraft.com) is one
of the world's largest independent suppliers of aerostructures.
Headquartered in Dallas, the company designs and manufactures major
airframe structures such as wings, fuselage subassemblies, empennages,
nacelles and other components for prime manufacturers of aircraft.
Vought has annual sales of approximately $1.6 billion and about 6,000
employees in nine U.S. locations.
This release contains forward-looking statements concerning future
business opportunities within the meaning of section 27A of the
Securities Act and Section 21E of the Securities Exchange Act of 1934,
as amended. Actual results may differ materially from those projected
as a result of certain risks and uncertainties, including but not
limited to changes in government procurement priorities and practices
or in the number of aircraft to be built and challenges in the design,
development, and production of such aircraft; as well as other risks
and uncertainties, including but not limited to those detailed from
time to time in Vought's Securities and Exchange Commission filings.
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