Boeing to move headquarters from Chicago to Arlington, Va.

[IronLionZion]

https://www.washingtonpost.com/transportation/2022/05/05/boeing-headquarters-chicago-arlington/

Boeing is moving its headquarters from Chicago to Arlington, Va., according to two people familiar with the deal, a sign the aerospace giant is leaning into its military wing and better positioning itself to navigate the political quagmire.

The move, first reported by The Wall Street Journal, could be announced formally as soon as next week. It also comes as Boeing struggles to shrug off financial burdens from the 737 Max, the pandemic’s smothering effect on travel and the fallout from severing ties with Russia. The company reported a $1.2 billion loss in the first quarter.

The move was confirmed by two people familiar with the deal who spoke on the condition of anonymity because the company had planned to wait until next week to make the announcement. Boeing did not immediately respond to a request for confirmation from The Washington Post.

The administration of Gov. Glenn Youngkin (R) has been working for the past couple months with Boeing to lure the company to the state, according to the two people, who said the governor, a former Carlyle Group executive, has a personal relationship with Boeing President and chief executive David L. Calhoun.

[Sanity Claws]

1. Even farther away from its home in the Puget Sound area.

[IronLionZion]

2. I thought they were headquartered in Seattle

but I guess not

[Sanity Claws]

3. Boeing moves its headquarters from the Seattle area to Chicago in the early 2000s.

It really did not make much sense.

[Yo_Mama_Been_Loggin]

4. They've gone from a company that made most of its money in commercial aviation to one that

suckles heavily off the government teat.