Boeing announced today that it will move its global headquarters from Chicago to Arlington, VA.
"In addition to designating northern Virginia as its new headquarters, Boeing plans to develop a research & technology hub in the area to harness and attract engineering and technical capabilities," a company statement reads.
"We are excited to build on our foundation here in northern Virginia. The region makes strategic sense for our global headquarters given its proximity to our customers and stakeholders, and its access to world-class engineering and technical talent," Boeing President and CEO Dave Calhoun said in the statement.
Boeing said it will maintain a "significant presence" at its Chicago offices, where the company had had its headquarters since 2001.