:max_bytes(150000):strip_icc()/GettyImages-2162061618-146020d5001b4f478b05bed2cec59d06.jpg?w=1500&resize=1500,1000&ssl=1 "Boeing to Spend Billion on 787 Dreamliner Manufacturing Expansion | Global News Avenue")
Boeing to Spend $1 Billion on 787 Dreamliner Manufacturing Expansion
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Main points
- Boeing Co. said it will invest $1 billion to expand its operations in South Carolina, where it builds the 787 Dreamliner.
- The company plans to increase production of the aircraft to 10 aircraft per month by 2026 and bring production online at the South Carolina plant in early 2027.
- Boeing has faced a number of production problems this year, including a nearly two-month strike at its Washington factory.
Boeing (Bachelor) is investing $1 billion to expand its factory in South Carolina to increase production of the 787 Dreamliner.
The planemaker said late Thursday it expected to produce 10 Dreamliners per month by 2026, adding that upgrades to its South Carolina plant should be completed by early 2027. The company said the project will create about 500 jobs over the next five years.
Boeing has been plagued by production problems this year Forced deceleration Produced by series of safety incidents Start the new year, to Washington factory strike That lasted nearly two months and ends in November.
The company made cost-cutting initiatives include Thousands of jobs laid off During the strike. According to reports, Boeing recently resumed production of the 737 Max series aircraft just over a month after the strike ended, and currently has a backlog of more than 4,000 aircraft. Reuters.
Boeing shares were little changed Friday morning. This year they are down about 35%.
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