Bloomberg News

Boeing to Spend $1 Billion at South Carolina 787 Plant by 2020

April 09, 2013

Boeing Co. (BA:US) will invest an additional $1 billion at a South Carolina 787 Dreamliner plant over eight years and create at least 2,000 jobs as it expands output of the composite-plastic aircraft that’s now grounded.

The investment includes the purchase of 320 acres of land for expansion, added capacity and an information technology center, Candy Eslinger, a Boeing spokeswoman in North Charleston, South Carolina, said today in a telephone interview.

Boeing, based in Chicago, will receive state incentives of $120 million if it meets the spending plan, Eslinger said. Since 2009, the Boeing has spent $1 billion and created 6,000 jobs at the new plant, its first outside of Washington state, Eslinger said.

The company last week completed testing on a new 787 battery system in an effort to convince the Federal Aviation Administration to lift an order to ground the Dreamliner after lithium-ion batteries overheated on two separate aircraft in January.

The spending plan was reported earlier by The Post and Courier, a newspaper in Charleston, South Carolina.

To contact the reporter on this story: Thomas Black in Dallas at tblack@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net


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