Boeing has pledged to invest $1 billion more into its Charleston-area manufacturing campuses, adding 500 new jobs over the next five years, even as the company has struggled financially. The company,

Boeing said on Thursday it plans to spend $1 billion to support increased production of its 787 Dreamliner widebody jets, as the U.S. planemaker works to meet an earlier output target of 10 a month by 2026.

Boeing (NYSE:BA) said Thursday it will spend $1B to expand its Dreamliner 787 production facilities in Charleston County, South Carolina. According to the aerospace giant, it will expand both of its facilities in North Charleston to back its increased production targets for the jetliner and support any increased output targets in the future.