Boeing Makes It Official: 787 Production Moves to South Carolina in 2021

Boeing (NYSE: BA) said Thursday it will consolidate production of its 787 Dreamliner at its North Charleston, South Carolina facility in 2021, part of a broader effort to cut costs that is sure to ruffle feathers in and around its Seattle commercial aviation base.

The move, which had been rumored, is in response to falling demand for Dreamliners and other aircraft as airlines scramble to bring down costs in response to the COVID-19 pandemic. Boeing in July said it would cut monthly 787 production in response to falling demand, and with fewer planes being built, Boeing no longer needs its Everett, Washington line.

"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," Stan Deal, CEO of Boeing Commercial Airplanes, said in a statement. "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."

Source Fool.com