Boeing Co said on Thursday that it completed the acquisition of a facility that makes part of the fuselage of its delayed 787 Dreamliner aircraft.
The plant in North Charleston, South Carolina was owned by Vought Aircraft Industries.
Boeing said the facility's name would be changed to Boeing Charleston, and it would be managed by the company's 787 program as a wholly-owned subsidiary.
The plane maker said earlier this month that it would acquire the facility for $580 million. The deal may give Boeing more control over its supply chain.
Boeing last month announced a further delay of the first test flight of the carbon-composite 787. The latest delay was caused by a structural flaw, while previous delays have been related to suppliers.
Boeing shares were up 40 cents to $43.77 in afternoon trade on the New York Stock Exchange.
(Reporting by Karen Jacobs and Kyle Peterson, editing by Leslie Gevirtz)