Boeing has announced a $1 billion investment to enhance its Charleston County, South Carolina, facility, aiming to meet a 2026 production goal of ten Dreamliner jets monthly. This expansion includes infrastructure upgrades and 500 new jobs over five years, laying the foundation for potential production increases tied to market demand. The move comes as Boeing faces competition from Airbus, which plans to raise A350 output to twelve a month by 2028. Widebody plane demand is surging as airlines expand fleets for international travel. Boeing seeks to generate cash by ramping up Dreamliner output after a strike disrupted production and overcoming supply-chain delays.
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00:00It's Benzinga bringing Wall Street to Main Street. Boeing has announced a $1 billion
00:04investment to enhance its Charleston County, South Carolina facility,
00:08aiming to meet a 2026 production goal of 10 Dreamliner jets monthly.
00:12This expansion includes infrastructure upgrades and 500 new jobs over five years,
00:18laying the foundation for potential production increases tied to market demand. The move comes
00:23as Boeing faces competition from Airbus, which plans to raise A350 output to 12 a month by 2028.
00:30Widebody plane demand is surging as airlines expand fleets for international travel.
00:34Boeing seeks to generate cash by ramping up Dreamliner output after a strike distribute
00:39production and overcome supply chain delays. For all things money, visit Benzinga.com slash GSTV.