Boeing wants to double the 787 Dreamliner manufacturing rate to 10 a month by 2026 and is committing to invest $1 billion to expand North Charleston, South Carolina, its plant where it will assemble the ultra-efficient airplanes. You can expect Boeing's new expansion to head into full operation as early as early 2027. With the addition of another 500 new jobs over the next five years, the company will continue to forge stronger ties to the community economy. Even as Boeing continues to lose money, with a $8 billion loss through the first nine months of 2015, it continues to invest in the long-term growth strategy.
The South Carolina facility, which first opened in 2009, has been key to reviewing, fabricating, assembling, and delivering the Dreamliner. Governor Henry McMaster and other local officials are strong supporters of Boeing's expansion, saying it's a testament to the state's pro-business environment.
The company remains committed and says that it appreciates that their investment is also allowing them to support their workforce and the regional aerospace sector. This move by Boeing, with over 7,800 employees in South Carolina, typography their resiliency in the face of adversity and belief in the future of the 787 program.
This article first appeared on GuruFocus.免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。