Chinese firms to supply parts for Boeing aircraft

Boeing on Friday signed $500 million worth of contracts with Chinese companies to produce airplane components.

The deals include the first contracts to produce parts for the B747-8 aircraft, due to roll out of the factory in about one and a half years.

Xi'an Aircraft Industry (Group) Co Ltd, a company affiliated with the China Aviation Industry Corp I (AVIC I), will produce in-board wing flaps for the B747-8. The wing flaps are the largest components Boeing is sourcing from China.