Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Boeing to invest $1 billion, add jobs in South Carolina

by
December 12, 2024
in Stock
0
Boeing to invest $1 billion, add jobs in South Carolina

Boeing Co . (NYSE: NYSE:BA) is set to increase its footprint in Charleston County with a $1 billion investment aimed at enhancing its infrastructure and adding 500 new jobs over the next five years. The aerospace giant’s expansion will bolster its 787 Dreamliner production capabilities to meet growing market demand.

The investment will focus on the company’s two North Charleston campuses, where Boeing South Carolina (BSC) has been integral to the development and delivery of the 787-8, 787-9, and 787-10 aircraft models. The expansion is anticipated to support increased production targets, with plans to achieve a rate of 10 airplanes per month by 2026.

This move builds on Boeing’s long-standing presence in the area, which began in 2009. Currently, Boeing is a major employer in the region, with more than 7,800 people working across its facilities. The expansion will not affect its operations in Orangeburg.

The company’s decision to invest further in South Carolina is a testament to its commitment to the 787 program and the local workforce. Scott Stocker, Vice President and General Manager of the 787 Program and BSC Site Leader, expressed excitement for the next phase of growth, attributing it to the team’s efforts and customer confidence in their airplanes.

Governor Henry McMaster praised the expansion as a reinforcement of South Carolina’s status as an aerospace hub, highlighting the new jobs and the state’s business-friendly climate. Secretary of Commerce Harry M. Lightsey III and Charleston County Council Chairman Herbert Ravenel Sass III echoed these sentiments, celebrating Boeing’s continued investment and its positive impact on the local economy.

Individuals seeking to join Boeing in this new chapter are encouraged to explore career opportunities on the company’s website. The expanded operations are expected to commence in early 2027, marking another significant milestone for Boeing in South Carolina.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
Previous Post

India’s longest bull market has more room to run – Morgan Stanley

Next Post

Asia FX slips as dollar firms before the Fed; yuan hit by underwhelming stimulus

Next Post
Asia FX slips as dollar firms before the Fed; yuan hit by underwhelming stimulus

Asia FX slips as dollar firms before the Fed; yuan hit by underwhelming stimulus

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    DOJ releases final violent crime numbers for Biden administration

    DOJ releases final violent crime numbers for Biden administration

    January 17, 2025
    RNC chair on GOP’s mission going forward: ‘Make sure…Trump voters become Republican voters’

    RNC chair on GOP’s mission going forward: ‘Make sure…Trump voters become Republican voters’

    January 17, 2025
    What Would It Take For Small Caps to Lead?

    What Would It Take For Small Caps to Lead?

    January 17, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • DOJ releases final violent crime numbers for Biden administration
    • RNC chair on GOP’s mission going forward: ‘Make sure…Trump voters become Republican voters’
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved