Boeing invests $1 bn to boost 787 production

economictimes.indiatimes.com:

Boeing will invest $1 billion to ramp up production of its 787 Dreamliner aircraft in South Carolina, the company said in a statement.

Boeing has been plagued by production quality problems and recently endured a strike that lasted more than 50 days and paralyzed two crucial factories.

In October, Boeing unveiled plans to reduce its global workforce by 10 percent over the coming months, without giving further details.

In a statement late Thursday, the company announced the $1 billion investment in its non-union facilities in North Charleston, where it said 500 jobs would be created over the next five years.

The aim is to increase production of the 787 Dreamliner to 10 every month by 2026, Boeing said.

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