Dept. of Commerce Statement on Boeing's Announcement

July 7, 2009

COLUMBIA, SC – July 7, 2009 – The South Carolina Department of Commerce released the following statement regarding today’s announcement that the Boeing Company will grow its South Carolina presence by acquiring the Vought Aircraft Industries manufacturing operations in North Charleston.

“We have worked diligently to build a relationship with both Vought and Boeing over the past several years and that hard work is reflected in our state’s success today. We are excited for both Vought and Boeing with today’s announcement and we are committed to continuing to develop the assets and workforce necessary to allow Boeing to grow and continue to be successful in their North Charleston manufacturing operations.

“The aviation industry is a key part of South Carolina’s economy and Boeing’s investment here is a wonderful compliment to this large and ever-growing industry throughout the state,” said Joe Taylor, Secretary of Commerce.