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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