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Investing.com -- Boeing Co. is planning to double production at its South Carolina campus where it manufactures the 787 Dreamliner jet, as part of a strategy to boost output to 14 aircraft per month in the coming years.
The U.S. planemaker is investing $1 billion to expand the facility, which currently employs about 7,800 people. Boeing aims to reach a production rate of 8 Dreamliners per month by the end of this year, according to Chief Executive Officer Kelly Ortberg, who shared these plans during an earnings call.
The company is also working to complete the final 10 Dreamliners that were built prior to 2023. These aircraft are among the last remaining jets in what Boeing internally called its "shadow factory" - a backlog that once included hundreds of undelivered 737 Max and Dreamliner aircraft requiring extensive repairs.
If Boeing achieves its target of 14 planes monthly, it would mark a return to pre-pandemic production levels for the fuel-efficient widebody jet. The company indicates this goal depends on continued strong market demand and successful implementation of quality improvements in its manufacturing operations.
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