VOUGHT AIRCRAFT INDUSTRIES INC
AMENDMENT TO 2006 INCENTIVE AWARD PLAN
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<TYPE>EX-10.1
<SEQUENCE>2
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<DESCRIPTION>AMENDMENT TO 2006 INCENTIVE AWARD PLAN
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.1</B>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>FIRST AMENDMENT TO<BR>
VOUGHT AIRCRAFT INDUSTRIES, INC. 2006 INCENTIVE AWARD PLAN</B>
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS FIRST AMENDMENT TO VOUGHT AIRCRAFT INDUSTRIES, INC. 2006 INCENTIVE AWARD PLAN, made as of
May&nbsp;3, 2007 (this &#147;<U>First Amendment</U>&#148;), is made and adopted by Vought Aircraft Industries,
Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;). Capitalized terms used but not otherwise
defined herein shall have the respective meanings ascribed to them in the Plan (as defined below).
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Company maintains the Vought Aircraft Industries, Inc. 2006 Incentive Award Plan
(the &#147;<U>Plan</U>&#148;);
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, pursuant to Section&nbsp;14.1 of the Plan, the Plan may be amended from time to time by
the Company&#146;s Board of Directors (the &#147;<U>Board</U>&#148;), subject to stockholder approval in the case
of any amendment that increases the number of shares available under the Plan; and
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Company desires to amend the Plan as set forth herein to increase the number of
shares available under the Plan, subject to approval of such amendment by the Company&#146;s
stockholders.
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, BE IT RESOLVED, that the Plan be amended as follows:
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Section&nbsp;3.1(a) of the Plan is hereby amended and restated in its entirety as follows:
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#148;(a)&nbsp;Subject to Article&nbsp;11 hereof and Section&nbsp;3.1(b) hereof, the aggregate number of
shares of Stock which may be issued or transferred pursuant to Awards under the Plan is
2,000,000.&#148;
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;This First Amendment shall be and is hereby incorporated in and forms a part of the Plan.
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;All other terms and provisions of the Plan shall remain unchanged except as specifically
modified herein.
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;SIGNATURE PAGE FOLLOWS&#093;
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby certify that the foregoing First Amendment was duly adopted by the Compensation
Committee of the Board of Directors of Vought Aircraft Industries, Inc. on
May&nbsp;3, 2007.
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby certify that the foregoing First Amendment was duly approved by the shareholders of
Vought Aircraft Industries, Inc. on May&nbsp;3, 2007.
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<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executed on this 3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> day of May, 2007.
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    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                                /s/ Kevin P. McGlinchey
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    <TD colspan="2" align="left">Kevin P. McGlinchey&nbsp;</TD>
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    <TD colspan="2" align="left">Corporate Secretary&nbsp;</TD>
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