Boeing is spending $1 billion to expand a plant that builds the 787 as it seeks to boost production

Image for article Boeing is spending $1 billion to expand a plant that builds the 787 as it seeks to boost production
News Source : Business Insider

News Summary

  • The Virginia-based firm has planned for the investment to go toward infrastructure upgrades at the site and creating 500 new jobs in the next five years
  • Boeing hopes to reach a rate of 10 planes a month by 2026, up from below five a month in July 2024
  • The aviation giant has a backlog of around 5,400 commercial aircraft worth roughly $428 billion
Boeing said its investment will help to boost the production of 787 Dreamliner jets.Richard Baker/Getty ImagesBoeing has committed $1 billion to expand its 787 Dreamliner manufacturing plan [+1985 chars]

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