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Boeing Relocating Headquarters From Chicago To Washington, D.C. – $BA $DIA

By John F. Heerdink, Jr.

Reportedly, aerospace giant Boeing (BA) announced its moving its headquarters to the Washington, D.C. area from Chicago, moving closer to federal lawmakers and rival defense contractors. Boeing informed that it will shift its base to Arlington, Virginia, joining fellow military contractors Northrop Grumman, Lockheed Martin, and General Dynamics in the Washington suburbs.

“The region makes strategic sense for our global headquarters given its proximity to our customers and stakeholders,” stated chief executive Dave Calhoun.
However, the move was immediately condemned by the state’s US senators.

“Boeing’s decision to leave Illinois is incredibly disappointing. We are working together to ensure Boeing leadership both understand how harmful this move will be and does everything possible to protect Illinois’s workers and jobs,” stated senators Dick Durbin and Tammy Duckworth in a joint statement. 
Boeing moved its corporate headquarters to Chicago in 2001, attracted by more than $50M in local tax incentives, following its merger with then Midwest-based McDonnell Douglas in 1997. Boeing was headquartered in Seattle from its founding in 1916 until its Chicago relocation.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

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(Read Original Story: Boeing ditches Chicago headquarters for Washington, DC area in Financial Times)


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