Boeing's $1 billion investment in its South Carolina plant aims to upgrade infrastructure and create 500 jobs, intending to ramp up 787 Dreamliner production.
The company hopes to increase its production rate to 10 Dreamliners a month by 2026, recovering from significant losses and production delays.
This investment is crucial as Boeing faces intense competition from Airbus, which plans to boost its A350 production amid Boeing's struggles.
After a troubled year, including a $6 billion loss in Q3 2024 and a significant workforce strike, Boeing is focusing on rebuilding its manufacturing capabilities.
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