More than two decades after the Boeing Co. moved its headquarters from its Seattle birthplace to Chicago, the aerospace giant is reportedly planning to do it again — this time, heading for Arlington, Va.
Citing unnamed sources who are familiar with the matter, The Wall Street Journal reported that an announcement of the move is expected as soon as next week. Details for the move haven’t yet been finalized, the Journal reported.
We’ve reached out to Boeing and will update this report with anything we hear back.
The move to Arlington in the Washington, D.C., area reflects a classic corporate move to have the company’s executive offices close to the heart of the federal government, which is a prime customer for Boeing’s defense and space unit.
Similar calculations motivated Amazon’s decision to put its HQ2 in Arlington and invest more than $2.5 billion developing the site. The Seattle-based retail and cloud titan says it plans to boost its D.C.-area workforce to 25,000 employees.
To cite another example, a geospatial data analysis company called BlackSky shifted its center of gravity from Seattle to Herndon, Va., after going public last September.
Back in 2001, Boeing cited the diversification of its business beyond commercial jets as the rationale for moving its headquarters from Seattle (where it had been based since its founding in 1916) to Chicago.
The company continues to make airplanes in Everett and Renton, Wash., but it has transferred all of its 787 Dreamliner production to a factory in North Charleston, S.C.. Boeing has also been consolidating its global services division in Texas.