Vought Aircraft Industries Inc., which released its 2008 earnings today, is expected to update industry analysts on the status of its once-idled North Charleston operations.
The Dallas-based company, which makes rear fuselage section for the Boeing Co.'s 787 jetliner at its factory at Charleston International Airport, said it earned $93.7 million, nearly doubling its 2007 net income. Revenue last year rose 11 percent to nearly $1.8 billion.
Most of the profit gain for 2008 came from the $47.1 million sale of Vought's 50 percent stake in locally based Global Aeronautica, which also makes 787 fuselage parts. The buyer in that deal was Boeing.
Vought has been recalling workers who were furloughed when the company temporarily ceased production in North Charleston last November as a result of a strike at Boeing and a rash of 787 manufacturing problems.
At the time, Vought chief executive Elmer Doty said he expected the shutdown at the local fuselage plant to last at least two months "and perhaps more." The company had 600 workers and contractors in North Charleston last October.
Boeing said this week that it is sticking to its latest revised schedule for the delayed 787 jet. The aerospace giant plans to start test flights in the second quarter of this year. Deliveries are projected to begin in the first quarter of 2010.
For more details, see Friday's editions of The Post and Courier.