Boeing Announces Consolidated Production of 787 Jets in South Carolina | Financial Buzz

Boeing Announces Consolidated Production of 787 Jets in South Carolina

The Boeing Company (NYSE: BA) reported that it will consolidate production of its 787 jets at its South Carolina facility in North Charleston.  Beginning mid 2021 the company plans to consolidate production.  The production system for the 787 jet has been adjusted to accommodate the current market climate revolving around the impact of the coronavirus. 

“The Boeing 787 is the tremendous success it is today thanks to our great teammates in Everett. They helped give birth to an airplane that changed how airlines and passengers want to fly. As our customers manage through the unprecedented global pandemic, to ensure the long-term success of the 787 program, we are consolidating 787 production in South Carolina,” said Stan Deal, president and chief executive officer of Boeing Commercial Airplanes.

“Our team in Puget Sound will continue to focus on efficiently building our 737, 747, 767 and 777 airplane families, and both sites will drive Boeing initiatives to further enhance safety, quality, and operational excellence.”  

Previously in July, the company announced a study into the feasibility of producing 787s at a single location.  The review tested the impacts and benefits to Boeing customers, employees, supplies and health of the production system.  The analysis displayed gains due to consolidation to enable the company to accelerate improvements and target investments to support customers.

“We recognize that production decisions can impact our teammates, industry and our community partners,” said Deal. “We extensively evaluated every aspect of the program and engaged with our stakeholders on how we can best partner moving forward. These efforts will further refine 787 production and enhance the airplane’s value proposition.”