Vought Aircraft Industries, which employs an estimated 3,500, has been leasing a 314-acre aircraft manufacturing plant since 1949. The plant is now leased by Triumph, and has made wing parts for Boeing, Gulfstream and some of the largest planes flown by the U.S. military. Four years ago, the U.S. Navy, which leases to the plant to Vought, decided to sell the plant.
UAW Local 848 officials tell News 8 it was bought by a local investor, Stuart Jones, for practically pennies -- $357,000.
Why so little? They say it's because Jones has agreed to spend additional millions to clean up an environmental mess on site, and in nearby Mountain Creek Lake.
Union officials also say Jones plans on nearly tripling the rent, which would force Triumph to close the plant
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