How the Global Aeronautica deal went down

Boeing announced at 7:00 AM today (December 22) that it has acquired Alenia’s 50% share in Global Aeronautica, a deal that has been widely rumored to be in the works for months now. Global Aeronautica, which began its life as a 50-50 joint venture between Vought and Alenia, will now be incorporated into Boeing Charleston.

According to several program sources, the deal between Boeing and Alenia was finalized and signed Monday. Later that same day, Boeing set up a stage on the northeastern side of Global Aeronautica that program sources said was larger and more elaborate than that available for watching 787 first flight the week before. 
A notification went out later in the afternoon for an all hands meeting early this morning that included third and first shift staff. Second shift is to have a similar meeting starting at 4 PM today. Flightglobal.com broke the story at 6:54 this morning, followed minutes later by the official announcement.
Today’s deal is the fourth phase in Boeing’s gradual takeover of the North Charleston site. Boeing first acquired Vought’s share of GA in March 2008, followed by Vought’s aft fuselage fabrication and integration operations in July 2009 and announced in October that North Charleston would be the home of the second 787 final assembly line.

5 Responses to How the Global Aeronautica deal went down

  1. shawk December 22, 2009 at 8:36 am #

    Interesting. I guess Boeing could buy Spirit back.

  2. Bruce in KC December 22, 2009 at 9:14 am #

    I was shocked when they sold a good portion of the Wichita facility to Spirit, I had always wondered why they did not expand the place and add a second 737 final assembly line there…the last new aircraft produced at Boeing – Wichita were the B-52′s

  3. Old Guy December 22, 2009 at 10:48 am #

    The main reason that Spirit happened was that Harry (as in the stone piper) hated the Wichita unions. Oh, he wasn’t alone in that Boeing managers (some) seem to have this as their main worldview (lack of respect for those who touch matter).

    Harry and Jeff (as in turn over) were booed, quite enthusiastically, in a pre-vote meeting when they tried to bribe the workers with some soda pop (yes, old papa Boeing will take care of you). These were the same non-engineers who recently voted out the union in Spirit but kept it in Boeing.

    Harry said, we can replace you. That event was in the late 90s timeframe.

    Jeff liked the divestiture since it had the potential to put money in his, and his cronies’, pockets. Which it did, essentially, as well as line the pockets of the like of golden sacks (and their ilk). Oh, mustn’t forget Nigel and his cohorts and bosses.

    Yes, Nigel was the one who orchestrated the mail (USPS) or DHL (where are they?) weekend that wrecked havoc on the lives of many in Wichita.

    And, now we find out that it was idiocy. Actually, Boeing wanted to get out of Washington. This allowed some type of backdoor exit.

    Many still suffer. Even those (let’s say some, actually it may be many) who went to Spirit are not better off. Thanks, Boeing managers who got a chance to act like black-booted thugs (bullies) without any (or so it must have seemed) oversight (oh, yes, there were observers, but they were about as potent as UN observers).

    By the way, notice the change in tone since Scott left? Let’s hope that engineering has the prime focus. Experimental has been used in several contexts. That is shocking (think what that would have sounded like in 2007 – Potemkin time).

    If that were the case before, one wonders if this thing would have flown long time ago.

    There are still problems lurking. Jon ought to have his readers list these. If he used a pseudo brainstorming method, he could accept candidate items. Then, there would be a vote about reasonableness.

  4. Guru Josh December 23, 2009 at 9:30 am #

    The agreement settled with Alenia has a $2bn price sticker tagged to it. Goes much beyond the handover of the GA plant…

  5. RobH December 24, 2009 at 11:56 am #

    Food for thought: the Y3 aircraft won’t be nearly as ‘internationalized’ because the larger fuselage sections can’t be stuffed into a DreamLifter. A 747RS will need to be fabricated and assembled on-site or by nearby factories that can leverage the intracoastal waterways. Could sections be economically transported via cargo ship across the Atlantic? And once Boeing has production flowing on the east coast, are they going to re-tool Paine for composite fab?

    My $0.02 worth. Everyone have a great Christmas