Vought has always strived to bea good corporate citizen. Sustained

involvement and contributions to ourlocal communities are important

elements of our business plan andcorporate culture. The collective

efforts of our employees,supplemented by the company,help build better communities.

From companywidecampaigns and local

activities to blood drives,Vought and our employees

help those who needassistance the most.

This report summarizes thecompany’s community support andcitizenship for 2003. It also salutes

our employees for volunteerismand generosity.

Hawthorneemployee TimothyCunniff helpsstudents and othersacross the globedevelop Englishskills.

Nashville Airbus programemployee Norma Gregorywas one of hundreds ofemployees whoparticipated in BloodDrives held throughoutthe year at each site.

Gift of Life

Mona Taff (left), a member of theDallas shipping team,volunteered to donatea kidney to Ann Hill(center), the mother of Taff’s co-worker DaveBarrett. The transplant was a success.

Reaching Out

Major Community MARCH OF DIMES – WALKAMERICAIn 2003, Vought and nearly 400 of its employees inTexas, Georgia, Florida and California participatedin the annual March of Dimes WalkAmerica,donating more than $146,000. Many employeesalso volunteered to help during the walk – settingup the Vought tents, servingrefreshments and cheering onthe walkers.

Vought supports two majoremployee volunteerfundraising initiatives eachyear through companywidecampaigns: March of DimesWalkAmerica and Can Do!,our own canned food drive.They both require the time,dedication and support ofteam captains and a cadre of volunteers to make theannual fundraisers a success.

VOUGHT CAN DO!CANNED FOOD DRIVEVought employees and retirees inTexas, Georgia, Florida and Californiaraised 556,295 cans for its annual CanDo! food drive, held in December.During the drive, employeesparticipated in numerous activities –from food sales, silent auctions, gamesand raffles to the sale of Can Do! shirtsand hats. Voluntary payroll deductionscontributed throughout the year add tothe total. This fundraising activity hasbeen a company tradition for 21 years,with the total donation now exceeding14 million cans.

Relations Campaigns

Can Do! teams inDallas, Hawthorne,

Milledgeville andStuart joined forces tosurpass our companygoal of 400,000 cans.

AMERICAN HEART ASSOCIATION –HEART WALKVought in Stuart continues to be a key supporter ofthe American Heart Association’s Heart Walk. In 2003, Vought donated morethan $6,100 for life-saving heartdisease research and education.

Stuart employees raised over $4,000 for the 2003 Heart Walk activity benefitingthe American Heart Association.

AMERICAN CANCER SOCIETY –RELAY FOR LIFERelay for Life is a nationwide American CancerSociety event held each spring. Vought's sites inMilledgeville, Georgia and Stuart, Florida areleading contributors to their local Relay for Lifecampaigns – raising over $7,000 in Milledgeville and $4,000 in Stuart in 2003.

The Milledgevillesite raised over$7,000 for the2003 Relay forLife. Volunteerssold Valentine’sDay candy gramsto raise funds.

The Stuart site raised $4,000 for Relay for Life, which supports the American Cancer Society.

Other Notable Community Projects

Christopher Brosovic

Jamie Goff

Matthew MittsA young volunteer takes a ride aroundthe park to monitor progress.

Wayne Williams and Ryan Smith mounted newsigns on the miniature Vought Aircraft building.

PROJECT GOOD TURNSince the 1960s, Dallas site employees haveperformed an annual “good turn” as a civicproject. They select a project that needsmajor refurbishing. In June 2003, 80 Voughtemployees gathered in Grand Prairie, Texas,to help restore Safe Side City. This miniaturemock-up town provides a fun place to helpkids learn to navigate safely through theirneighborhoods to reduce fatalities andinjuries related to motor vehicles.

SCHOLARSHIP PROGRAMSeven college students received scholarshipawards from Vought in 2003. The recipients,selected from the 37 students who applied,were awarded $2,000 each. Eligible studentsmust be entering their junior or senior yearof college and be theson, daughter, stepson,stepdaughter orgrandchild of an activeVought employee.

Catherine Von Reyn

Joanna Lampkins

Zachary Barr

Kimberly Browning Hubartt

Community Outreach in Action

The Los Angeles Board of Supervisors

presented the Hawthornesite with a certificate

of appreciation forproviding a safe place to

store toys gathered bylocal fire departments.

Volunteers from theMilledgeville site

assisted participants atthe Baldwin County

Special Olympics games.

Dallas volunteershelped collect cannedgoods for the NorthTexas Food Bank at theState Fair of Texas.The food bank collected34,663 pounds of foodthrough the activity.

United Way representativescame on-site topresent agencyinformation toDallas employees inOctober. Vought employeesdonated more than $300,000to their local United Wayagencies in 2003.

Employees in Milledgevilleand Dallas volunteeredtime and talent to help

Georgia Tech and TexasA&M students build

solar-powered vehicles.

Local high schoolseniors gained realworld workexperience throughthe Hawthorne siteVought IndustryInvolvementProgram.

A team of mentorsheaded by Voughtemployees in Dallasprovided expertassistance to a localhigh school roboticsteam.

Stuart employeesdonated supplies tolocal school children.

2003 Company andEmployee Gifts

Total: $803,295* Includes in-kind services, equipment and supplies

Employee andRetiree Gifts$559,168

CompanyGifts

$264,127*

2003 Recipients

Advancing Minorities’ Interest inEngineering (AMIE)

Aerospace Industries Association(National Rocket Contest)

ALS North Texas ChapterAmerican Cancer SocietyAmerican Heart Association American Red CrossArts & Services for Disabled, Inc.Best Buddies of the Capitol RegionBaldwin County Recreation DepartmentBig Brothers and Big Sisters of GeorgiaBoy Scouts of America – Los AngelesBoys & Girls ClubsCentral Georgia Council Boy ScoutsDallas Black Chamber of CommerceDallas County Heritage SocietyEmmett J. Conrad ProgramFrontiers of Flight Museum Georgia Institute of Technology Girls, Inc.Grand Prairie Chamber of CommerceGreater Dallas Veterans FoundationHabitat for HumanityHawthorne Middle School Student CouncilIn-Unity (Paul Quinn College)Leukemia & Lymphoma SocietyLos Angeles Regional FoodbankMarch of Dimes – DallasMarch of Dimes – Hawthorne

March of Dimes – MilledgevilleMarch of Dimes – StuartMary Vinson LibraryNorth Texas Food BankOconee Area Emergency Medical ServicesOklahoma State UniversityPrairie View A&M UniversityPurdue UniversityRotary Club of HawthorneSt. Stephen’s Food BankSouth Bay Gang Abatement ProjectSouthern Methodist UniversitySpecial OlympicsTarrant Area Food BankTexas A&M UniversityThe Empty StockingThe Women's Center of Tarrant CountyTransylvania Community Hospital

FoundationUnited Way of Central GeorgiaUnited Way of Greater Los AngelesUnited Way of Martin County (Florida)United Way of Metropolitan DallasUnited Way of MetropolitanTarrant CountyUniversity of Texas at ArlingtonUrban League of Greater DallasUrban League (Hawthorne)White Doves ProjectYMCA of Stuart

Community Tennis ProgramDallas Life Foundation Friends of Grand Prairie Library, Inc.Frontiers of Flight Museum Georgia Aviation & Technical CollegeItaly Volunteer Fire & EMS DepartmentLewisville Independent School DistrictMarch of DimesRainbow RoomSt. Stephen's Food BankTennessee Tech UniversityThe Empty Stocking

The generosity of Vought’s employees during 2003resulted in $302,195 for the United Way; $140,547 toarea food banks; $81,928 for the March of DimesWalkAmerica; $9,873 to the American Cancer Society;and $4,625 to the American Heart Association.

As a company, Vought donates to 501(c)(3) charitablenon-profit organizations to help support the communitiesin which we work and live. Strongest considerations aregiven to programs supported by employee and retireeefforts, and those striving to solve serious social issues.The company generally does not support individualsponsorships; religious,political or fraternalorganizations; athletic organizations; or endowments.

2003 CASH CONTRIBUTIONS 2003 IN-KIND DONATIONS

Vought Aircraft Industries, Inc.www.voughtaircraft.com

2/04 Citizenship Report 2003