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Boeing Expected to Move Headquarters From Chicago to DC Area | Chicago News


In this July 13, 2021, photo, the logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange.  (AP Photo / Richard Drew, File)On this July 13, 2021, picture, the emblem for Boeing seems on a display above a buying and selling submit on the ground of the New York Inventory Trade. (AP Picture / Richard Drew, File)

Boeing Co., a number one protection contractor and one of many world’s two dominant producers of airline planes, is anticipated to maneuver its headquarters from Chicago to the Washington, D.C., space, based on two folks accustomed to the matter.

The choice could possibly be introduced as quickly as later Thursday, based on one of many folks. Each spoke on situation of anonymity as a result of they weren’t approved to debate the matter publicly earlier than Boeing’s announcement.

Boeing didn’t instantly remark.

The choice was first reported by The Wall Road Journal.

A transfer to Arlington, Virginia, would put Boeing executives near officers for his or her key buyer, the Pentagon, and the Federal Aviation Administration, which certifies Boeing passenger planes.

Boeing’s roots are within the Seattle space, and it has meeting vegetation in Washington state and South Carolina. The corporate moved its headquarters to Chicago in 2001 after an unusually public search that additionally thought-about Dallas and Denver.

Boeing had 142,000 staff on the finish of 2021, together with 12% primarily based exterior the US, based on a regulatory submitting. The submitting didn’t say what number of work in Chicago.

“They received’t get pushback since their Chicago workforce and business presence is minimal,” mentioned Richard Aboulafia, an analyst with advisor AeroDynamic Advisory. “Since D.C. is house to their greatest single buyer, it makes some sense, but it surely’s a a lot much less spectacular transfer than going again to Seattle.”

The transfer would mark a win for Virginia’s Republican Gov. Glenn Youngkin, who campaigned final 12 months partly on a promise to carry new jobs to the state.

Youngkin, who retired in 2020 as co-CEO of personal fairness large the Carlyle Group, was personally concerned in discussions concerning the transfer and had a previous enterprise relationship with Boeing CEO David Calhoun, based on one of many folks accustomed to the matter.

Democratic state Senate Majority Chief Dick Saslaw mentioned he had not been suggested of the transfer but when it got here to fruition it might be “one hell of a catch” for Virginia.

“We’re fortunate to get them,” he mentioned.

Suzanne Clark, spokeswoman for the state’s financial improvement company, mentioned that for “aggressive causes and to guard confidential firm data,” the company can’t touch upon present or potential financial improvement prospects.

Kelly Rindfusz, director of communications for Arlington Financial Improvement, additionally declined to remark.

The information comes a number of years after Amazon chosen Arlington as the location for a second headquarters.




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