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 may very well 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 Avenue 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 crops 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 workers on the finish of 2021, together with 12% based mostly exterior the USA, based on a regulatory submitting. The submitting didn’t say what number of work in Chicago.
“They won’t get pushback since their Chicago workforce and industry presence is minimal,” stated Richard Aboulafia, an analyst with advisor AeroDynamic Advisory. “Since D.C. is home to their biggest single customer, it makes some sense, but it’s a much less impressive move than going back to Seattle.”
The transfer would mark a win for Virginia’s Republican Gov. Glenn Youngkin, who campaigned final yr 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 in regards to 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 stated he had not been suggested of the transfer but when it got here to fruition it could be “one hell of a catch” for Virginia.
“We’re lucky to get them,” he stated.
Suzanne Clark, spokeswoman for the state’s financial growth company, stated that for “competitive reasons and to protect confidential company information,” the company can not touch upon present or potential financial growth prospects.
Kelly Rindfusz, director of communications for Arlington Financial Growth, additionally declined to remark.
The information comes a number of years after Amazon chosen Arlington as the location for a second headquarters.