Boeing is investing $1 billion in expanding its facilities in South Carolina to ramp up production of the 787 Dreamliner.

The Virginia-based company said late Thursday that the outlay will go toward expansion and infrastructure upgrades to help meet higher production targets of the wide-body jet.

Boeing will make the investment into its South Carolina operations as it aims to double the rate of 787 Dreamliner production.

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 will spend $1 billion on an expansion and upgrades at its North Charleston manufacturing plants to double production of its 787 Dreamliner commercial jet

US aerospace firm Boeing will invest $1 billion to ramp up production of its 787 Dreamliner aircraft in South Carolina, the company said in a

Boeing wants to double the 787 Dreamliner manufacturing rate to 10 a month by 2026 and is committing to invest $1 billion to expand North Charleston, South Carolina, its plant where it will assemble the ultra-efficient airplanes.

Boeing is aiming to boost its 787 Dreamliner production by expanding operations in South Carolina with a $1 billion infrastructure investment.

Boeing announced a $1 billion investment in its South Carolina 787 Dreamliner manufacturing plant, aiming to upgrade infrastructure and create 500 new jobs over the next five years. The move comes as the company works to recover from a challenging 2024 and ramp up production.