Vought reports profit for 2007
The aerospace industry in Grand Prairie continues to be strong with Thursday’s report that Vought Aircraft Industries, Inc. had a net income of $46.3 million for 2007 compared to a $36.7 million loss in 2006.
Chief Executive Officer Elmer Doty said the improvements are due to cost reductions initiatives, operational improvements, increased prices, and higher delivery rates.
Vought Aircraft Industries, Inc. is one of the world’s largest independent suppliers of aerostructures with plants in Grand Prairie and Dallas that employee almost 3600. The largest segment of Vought’s business is structural airframe work.
Some of Vought’s current projects include:
- Boeing 747, 767, and 777
- Bell V-22 Osprey
- F-22A Raptor
- C-17 Globemaster III
- C-5 Galaxy
- Airbus A330/A340
- Gulfsteam G350/G450
- Citation X business jet
