It plans to boost production of the plane to 10 a month by 2026
Boeing will invest $1 billion in its South Carolina operations to boost production of its 787 Dreamliner jets, seeking to address a growing backlog caused by problems ranging from manufacturing snafus and safety issues to a lack of parts.
The Virginia-based company said late Thursday that the outlay will go toward expansion and infrastructure upgrades to help meet higher production targets of the wide-body jet.
Boeing reiterated plans to boost production of the plane to 10 a month by 2026, up from a rate of about five a month late last year.
The plan will also create 500 new jobs over the next five years, it said.
Excerpt from WSJ
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