Report: Boeing to End Dreamliner Production in Seattle Area
Boeing (NYSE: BA) will announce the end of production of its 787 Dreamliner at the company's Puget Sound factory in Washington state as soon as this week, The Wall Street Journal reported on Tuesday. Production of the long-range commercial aircraft will be consolidated at Boeing's South Carolina factory.
Boeing's order book has been hit hard as the passenger airline industry struggles to regain consumer confidence and increase flight schedules. The company plans to reduce monthly production of the 10-year-old model from 10 to six in 2021.
Source Fool.com