Boeing is making plans to transport its world headquarters from Chicago to a Washington, D.C. suburb, the place the corporate additionally plans to create a analysis and generation hub.
The transfer to Arlington, Va., would carry corporate executives nearer to consumers international, Boeing executives stated.
“The area makes strategic sense for our world headquarters given its proximity to our consumers and stakeholders, and its get admission to to world-class engineering and technical skill, Boeing CEO Dave Calhoun stated in a commentary.
Boeing stated it deliberate to “deal with a vital presence” in Chicago and the encompassing space, however that much less administrative center area can be wanted in Chicago after two years of versatile and digital paintings. The corporate didn’t right away reply to questions on what its proceeding presence would appear to be.
The transfer was once first reported via the Wall Side road Magazine.
Boeing, a significant protection contractor and plane producer, is the most recent corporate to transport a vital collection of staff out of Chicago, as town’s downtown and administrative center marketplace reel from two years of the COVID-19 pandemic. In December, United Airways introduced it will move 900 employees — greater than 1 / 4 of its downtown team of workers — from its Willis Tower headquarters to a brand new location in Arlington Heights.
Boeing’s headquarters were at 100 N. Riverside Plaza since 2001, when the corporate relocated the company administrative center from Seattle after deciding on Chicago in a high-profile contest. Boeing employs greater than 700 folks in Illinois, in step with corporate figures.
The transfer introduced moderately few jobs, however quite a lot of status for Chicago. It additionally got here with a pricetag: each Illinois and Chicago presented incentive applications scheduled to final two decades,the Tribune reported on the time.
Chicago beat out Dallas and Denver for the administrative center. On the time, Boeing executives described the transfer as a part of an ongoing technique, because it sought to change into itself from an plane producer into an aerospace corporate. The corporate regarded to scale back prices, enhance its attraction on Wall Side road and emphasize that it was once greater than a business jetmaker, which was once a part of its trade intently related to Seattle. Executives additionally complained they spent an excessive amount of time flying coast to coast.
In shifting, executives cited Chicago’s get admission to to global and home markets.
Now, Boeing plans not to simplest transfer its company headquarters to Northern Virginia, but additionally to create a analysis and generation hub there meant to concentrate on cyber safety, self sustaining operations, quantum sciences and device and techniques engineering.
The corporate manufactures planes outdoor Seattle, Wa., and in South Carolina.