The Boeing Co. is looking to shift its corporate headquarters from Chicago to Arlington, where it already holds a large presence.
The planned move — as first reported by The Wall Street Journal and later announced by the company — would bring the aerospace giant’s executive team closer to federal government officials who carry increased oversight over the company. Boeing (NYSE: BA) leaders have been working more and more out of the company’s D.C.-area offices over the past few years.
Boeing said it plans to develop a research and technology hub in the Arlington area to harness and attract engineering and technical capabilities.
The move follows negotiations with Virginia Gov. Glenn Youngkin’s office, Boeing said in its announcement. The deal is said to not include significant financial incentives but may have jobs-related ones, according to The Wall Street Journal.
Boeing said it will maintain a significant presence in the Chicago region.
Boeing already has a presence in Arlington,…
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