Category Archives: Boeing News
Another Boeing supplier, Safran Landing Systems, is investing $7M in the region and hiring about 15 new jobs as they supply wheels and brakes for the main landing gear. David Wren has the article here for The Post and Courier.
The Post and Courier provided a year-end 2016 overview. Some highlights:
- Update on Mercedes-Benz $500M plant that will hire 1,300 to build the Sprinter vans in Palmetto Commerce Park on a plant that will cover 75 football fields, plus the new Volvo plant in Berkeley Count
- Boeing opened its 787 DreamLiner paint hangar of 360,000 SF that can paint two jets at the same time
- Travel + Leisure praised the city again – voting it the world’s best city while Conde Nast Traveler readers voted it the friendliest city in the world
- Over 16,200 home sales thru November, plus about 5,500 apartment units under construction with rents rising 3.3% (to $1,113) and occupancy at a stellar 94.4%
- New grocery retailers in the metro area include a new Fresh Market, a new Lowes Foods, both in Summerville, and Germany’s Lidl planning a site in Goose Creek
- Blackbaud began construction on its new 360k SF headquarters in a new $154M campus for the software maker where it will hire an additional 300 over the next five years
- AT&T and Home Telecom will provide gigabit speed Internet in some suburban areas
The Post and Courier highlighted the local economy’s 2016 headlines in a single article; among the highlights:
- Update on dredging of CHS harbor with the start of a single dollar from President Trump
- Boeing’s new 787-10, made exclusively in N CHS, will be a major focus of the manufacturer forward as the larger plane replaces the shorter version 787-8 made in Seattle
- More changes at CHS airport with a focus on parking to handle the increased volume
- A strong housing outlook to handle the 35 newcomers a day moving to the region
- A tightening labor market amid the 3.4% unemployment rate, the lowest since 2000
- New retailers including member-clubs such as our first BJ’s Wholesale, a Costco in Mount Pleasant, the region’s second, and another Sam’s Club, this one in Summerville
- More hotels, including the new Hotel Bennett at Marion Square downtown with rooms starting at $500/night, and another dozen hotels approved or under construction – just on the downtown Peninsula
To reflect the highest percentage job growth in aviation in the nation, the state’s first in-depth study is underway of the region’s aerospace and defense manufacturing workforce and will be unveiled in late August. David Wren of The Post and Courier has the story here.
With over 360 Dreamliners delivered since it started production in 2011, Boeing announced 135 of the commercial jets were delivered in CHS alone last year, ahead of the company’s guidance for 2015 of 120, and well ahead of the 114 delivered in 2014. David Wren has the story here for The Post and Courier
Boeing reached a milestone with its 100th jet finished in N CHS in mid-December, according to an Associated Press article in The Post and Courier.
California-based Impresa Aerospace announced the acquisition of a Goose Creek machining and manufacturing facility Dynamic Solutions and will add 72 jobs over the next five years. That is just another example of another aerospace business making its first East Coast acquisition of a local Charleston company and creating more jobs in an already significant industry, aerospace, following Boeing to the Lowcountry. The “new facility positions us to meet the growing needs of Boeing and other key customers in the region”, according to one of Impresa’s financial partners. Impresa’s other customers include Northrup Grumman, Sikorsky, Lockheed Martin and Gulfstream. David Wren of The Post and Courier has the story here.
Boeing, the maker of the North Charleston built 787 Dreamliner, projects demand for some 38k new commercial airplanes over the next 20 years, worth some $5.6 trillion. They anticipate the Dreamliner will capture about 22% of that demand, representing some $2.5 trillion. While the biggest demand (70%) will be for single-aisle planes like the 737MAX that will debut in 2017, Boeing reported they have over 5,700 planes on order, worth some $435 billion including 838 Dreamliners for 60 different customers. David Wren of The Post and Courier has the story ahead of one of the airline industry’s biggest marketing events The Paris Air Show.
Part of Boeing’s 2013 second $1.1B capital expenditure announcement for CHS, their new $212M paint facility under construction will add a streamlining process to build and deliver the 787 Dreamliner to customers soup to nuts in N CHS. It will be 10 stories tall and will be able to handle two 787-10s at the same time. Right now, they are built here but fly to Texas to be painted, then returned here to be delivered to customers and final checks. Its all part of a 470-acre expansion Boeing undertook in about 2013. David Wren has the complete story for The Post and Courier.
Toward the end of the article, a chief analyst with Strategic Aero Reseach says Boeing may well try and shift ALL of its 787-related production to N CHS…to further de-risk the program; that may be code for minimizing union strikes and thus delivery interruptions of the long-delayed 787 program, reportedly some 5 years behind in deliveries, but still the most successful selling commercial jet in history.
Alaska Airlines will start non-stop service between CHS and Seattle-Tacoma International Airport in November, four days a week, all thanks to CHS’ #1 ranking as the top U.S. city to visit for now four years in a row, and Boeing workers and contractors needing linkage between the Pacific Northwest and the Lowcounty. It is the third new carrier to announce service to CHS in 2015 alone – after Silver Airways offered service to some Florida cities and Porter Airlines opened up seasonal service between CHS and Toronto. Warren Wise of The Post and Courier has the story.