Boeing To Spend $1 Billion On 787 Dreamliner Manufacturing Expansion

Boeing (BA) is investing $1 cardinal successful expanding its accommodation successful South Carolina to ramp up accumulation of nan 787 Dreamliner.

The airplane shaper said precocious Thursday that it expects to nutrient 10 Dreamliner planes per period by 2026, and said nan upgrades to nan South Carolina installation should beryllium completed by early 2027. The institution said nan task will create astir 500 jobs complete nan adjacent 5 years.

Boeing has been wracked pinch accumulation issues this year, from nan forced slowing of accumulation pursuing a series of information incidents to commencement nan year, to a strike astatine its Washington plants that lasted astir 2 months and ended successful November.

The institution made cost-cutting moves including thousands of layoffs during nan strike. Boeing reportedly only precocious resumed accumulation of nan 737 Max bid of planes conscionable complete a period aft nan onslaught ended, pinch a existent bid backlog of complete 4,000 planes, according to Reuters.

Boeing shares were small changed Friday morning. They are down astir 35% this year.