Robert Besser
09 May 2022, 20:39 GMT+10
CHICAGO, Illinois: Boeing has announced that it will relocate its global headquarters from Chicago to Arlington, Virginia, just outside the U.S. capital, Washington, D.C.
According to the company, it already has employees in Arlington's Crystal City District, who support various corporate functions and work on advanced airplane development and autonomous systems.
The company added that the move will bring it closer to key customers, such as the Pentagon and Department of Defense officials, as well as to federal regulators.
Boeing also plans to develop a research and technology hub to draw engineering and technical talent.
However, the company will not leave Chicago completely, as it will maintain a "significant presence."
In a news release, Boeing President and Chief Executive Officer Dave Calhoun said, "We greatly appreciate our continuing relationships in Chicago and throughout Illinois. We look forward to maintaining a strong presence in the city and the state."
According to Boeing, it has adopted "flexible and virtual solutions" to reduce the need for staff to go to the office and ensure less office space is needed.
"In today's business environment, we have adopted a flexible work strategy in parts of our company, and are taking steps to be more efficient within a reduced footprint. This helps us channel investments toward our critical manufacturing and engineering facilities and training resources," Calhoun added.
The company's news release did not specify how it will downsize its space in Chicago.
According to state sources, Boeing confirmed that the state's business climate was not a deciding factor in its decision to move its headquarters to Virginia.
In 2011, Boeing moved its world headquarters from Seattle to Chicago, and it also maintains a large hangar at the Gary/Chicago International Airport to house some of its corporate aircraft.
Boeing was founded in Seattle in 1916 by timber scion William Boeing, who initially built wooden seaplanes.
Get a daily dose of Tennis Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tennis Times.
More InformationThe Toronto Maple Leafs' Mitch Marner was robbed after coming out of a movie theaterToronto Maple Leafs right winger Mitch ...
Point guard Marcus Smart remains questionable hours before Game 1 of the Eastern Conference finals and the Boston Celtics expect ...
The Minnesota Twins on Tuesday reinstated Dylan Bundy from the COVID-19 injured list and designated fellow right-hander Jharel Cotton for ...
Dubai [UAE], May 17 (ANI): The International Cricket Council (ICC) on Tuesday announced the suspension of South African batter Zubayr ...
Boston Bruins center and four-time winner Patrice Bergeron was named a finalist for the Selke Trophy on Tuesday for the ...
New York Mets ace Jacob deGrom has "continued healing" in his injured right scapula and will "continue to build distance ...
HAVANA, Cuba: Cuba's state cigar monopoly, Habanos S.A., reports that sales of its famous hand-rolled cigars have rebounded strongly after ...
American aid to Kiev goes to NGOs run by ?friends and families? of US politicians, Representative Marjorie Taylor Greene claimsThe ...
New Delhi [India], May 17 (ANI): Royal Challengers Bangalore (RCB) and India wicketkeeper-batter Dinesh Karthik says that as an athlete, ...
Elizabeth II should apologize and pay reparations for the Anglican Church's role in Canada's infamous residential school system, indigenous leaders ...
For years, the Siyam family clung to hope they would one day be reunited with their son Wassim, who they ...
KYIV, Ukraine - By JASON DEAREN, JULIET LINDERMAN and OLEKSANDR STASHEVSKYIAs she lay buried under the rubble, her legs broken ...