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.
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