Boeing Co. Says Will Consolidate Production of 787 Jets in S.C.
02 October 2020 - 2:11AM
Dow Jones News
By Michael Dabaie
Boeing Co. said it will consolidate production of 787 jets at
its facility in North Charleston, S.C., which the company estimated
will start in mid-2021.
The Wall Street Journal had reported Tuesday that Boeing would
set plans to consolidate 787 Dreamliner assembly in South Carolina,
citing people familiar with the matter.
The decision comes as the company is taking action to preserve
liquidity and reposition some lines of business in the current
global environment to enhance efficiency and improve performance
for the long-term.
The company began assembling 787-8 and 787-9 airplanes at its
Everett, Wash., site in 2007, and brought the North Charleston
facility on line as a second final assembly line in 2010. However,
only the North Charleston site is set up to build the larger 787-10
model, the company said.
Production of the smaller 787 models will continue in Everett
until the program transitions to the previously announced
production rate of six airplanes a month in 2021.
Boeing said it is assessing potential impacts to employment in
Everett and North Charleston and will communicate any changes
directly to its employees.
Boeing shares were up 2% to $168.56.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 01, 2020 11:56 ET (15:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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