Chengdu firm lands Boeing parts deal

Chengdu Aircraft Industrial (Group) Co Ltd (CAC), a company affiliated with China Aviation Industry Corp I (AVIC I), yesterday signed a $300-million manufacturing contract with Vought Aircraft Industries Inc to produce Boeing 747-8 horizontal stabilizer parts and subassemblies.

The contract is the third secured by the Chinese aviation industry via China National Aero-Technology Import & Export Corp (CATIC) to produce parts for the B747-8 aircraft, due to enter service in 2009. China is the exclusive supplier to the three programs.

CATIC, jointly owned by AVIC I and AVIC II, is a large-scale State-owned conglomerate that imports and exports aviation products and technologies.