The aviation empire has returned.
The Boeing Co., the largest American manufacturer of passenger aircraft, announced on Thursday that it plans to invest $1.5 billion in an expansion of its Atlanta manufacturing plant, where it will build two new 737 MAX jets.
The new aircrafts will join a fleet of 737 MAXs already on the ground at Boeing’s Atlanta factory, the company said in a statement.
The announcement comes amid a global market rebound after Boeing’s last big recall of 737s in 2015, in which about 11,000 of the jets were found to have a defective airbag that could have killed dozens of people.
Boeing’s stock has risen about 25 percent since the start of the year.
But Boeing shares fell sharply in 2018, and fell more than 15 percent last year.