Today's groundbreaking ceremony was attended by Albaugh; South Carolina Gov. Mark Sanford; Sen. Lindsey Graham; Sen. Jim DeMint; Rep. Henry Brown; Rep. James Clyburn; State Sen. Hugh Leatherman; State Sen. Glenn McConnell; State Rep., Speaker of the House Bobby Harrell; Charleston County Council Chairman Teddie Pryor, Sr.; North Charleston Mayor Keith Summey and other key officials from South Carolina. Anita Zucker, chairperson and CEO of The InterTech Group, Inc., served as master of ceremonies for the event.

Boeing Charleston performs fabrication, assembly and systems installation for the 787 aft fuselage sections. Global Aeronautica, which is 50 percent owned by Boeing, is responsible for joining and integrating 787 fuselage sections from other structural partners.

"We look forward to expanding our capability in South Carolina through our existing site, while maintaining our commitment to the Puget Sound region where Boeing Commercial Airplanes remains headquartered," said Albaugh. "Puget Sound will continue to design and produce airplanes, including the 787."

The 787 Dreamliner will be more efficient, quieter and have lower emissions than other airplanes while offering passengers greater comfort and the convenience of direct, nonstop flights between more cities around the world. Fifty-five customers around the world have ordered 840 787s since the program was launched in April 2004, making the Dreamliner the fastest-selling new commercial jetliner in history. The 787 family of airplanes will carry 210 to 330 passengers on flights up to 8,500 nautical miles (15,750 km).

Contact:

Yvonne Leach

Boeing Commercial Airplanes Communications

+1 206-854-5027

Candy Eslinger

Boeing Commercial Airplanes Communications

+1 843-819-1488

More information: http://www.boeing.com/commercial/787family/index.html

SOURCE Boeing

http://www.boeing.com

The company's Charleston facility performs fabrication, assembly and systems installation for the 787 aft fuselage sections. Global Aeronautica, which is 50% owned by Boeing, has responsibility for joining and integrating 787 fuselage sections from other structural partners.

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I want you to know the kind of company you're joining. This is a company that does the hard things. And I want to let you know that you are now part of the history of The Boeing Company.

The 787 Dreamliner will be the first new airplane of the 21st century. Some say that distinction belongs to the Airbus A380, but in my mind, that's the last airplane of the 20th century.

The 787 will revolutionize how people travel. It will be more efficient, travel longer routes, be more passenger friendly and more environmentally friendly. And South Carolina will be part of this.

I came to visit here six weeks ago because I wanted to get an impression of the work force here. My impression was that the people here are hard working, dedicated, willing to learn and anxious to be a part of aerospace history.

Some would call this a win for South Carolina-and a loss for Washington state.

But there are no winners or losers in this. Our decision to come to South Carolina will be good for our competitiveness, for our customers, and for our country. And it will create jobs in both South Carolina and Puget Sound.

Before I go further, let me say a word to the community leaders and elected officials here. You sold us on South Carolina. You helped make this possible. Gov. [Mark] Sanford, Sen. [Lindsey] Graham, Sen. [Jim] DeMint and everyone who worked so hard--thank you.

Let me take a moment to introduce your newest resident-Marco Cavazzoni, the new vice president and general manager, Final Assembly and Delivery, Charleston. He will lead the new site.

And I'd also like to reintroduce you to Tim Coyle, our vice president who oversees the current site.

Let me close by saying that today is an important day for all of us. But it is only a first step. This is the first step in delivering hundreds of jets to our customers. But more importantly, it is the first step in developing a world-class aerospace capability in South Carolina.

To our future employees-welcome to Boeing. You, along with 160,000 other Boeing employees, will continue to change the world.

I know that the senator needs no introduction, but let me tell you how I know him. He is a tireless supporter of our troops; he ensures they get the best equipment and support. He makes sure American servicemen and servicewomen have the advantage because they have the tools they need. He is a tireless supporter of U.S. industry, its manufacturing and free trade. He is a great friend of Boeing.

Senator Lindsey Graham."

Contact:

Yvonne Leach, Boeing Commercial Airplanes Communications, +1 206-854-5027

Candy Eslinger, Boeing Commercial Airplanes Communications, +1 843-819-1488

More information: http://www.boeing.com/commercial/787family/index.html

SOURCE The Boeing Company

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period the true testing results for the Dreamliner 787 ("787") to forestall cancellations of orders for the 787, particularly as the orders for its competition, the Airbus A380, were gaining ground; to conceal from the market the material fact that the 787 had a structural problem in its design that would prevent the first flight of the 787 by June 30, 2009, and delivery in the first quarter of 2010; and to enable Boeing to make a positive presentation concerning the test results for the 787 and the schedule for the first flight and delivery of the 787 at the Paris Air Show scheduled for June 15-18, 2009, at which Boeing hoped to receive additional orders for the 787 and beat the showing made by the Airbus for its A380. According to the complaint, after Boeing announced on June 23, 2009 that the first flight of the 787 would be postponed, the value of Boeing's stock declined significantly.

If you have suffered a net loss for all transactions in Boeing Company, Inc. common stock during the Class Period you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
410/986-0036
Email Contact

SOURCE: Brower Piven, A Professional Corporation

http://www2.marketwire.com/mw/emailprcntct?id=09AC68756893EB99