Boeing Co is set to move its headquarters from Chicago to Arlington, Virginia.
The moved is touted to repair the crisis-plagued airline’s relationships with customers, federal regulators and lawmakers.
Boeing is expected to announce the move to Arlington – across the Potomac River from the U.S. capital – around the middle of next week.
Boeing has been working to repair its relationship with the U.S. Federal Aviation Administration and lawmakers after prior CEO Dennis Muilenburg was fired in 2019 after clashing the agency over its review of the 737 MAX following two fatal crashes that killed 346 people.
Boeing already has an Arlington office that opened in 2014 and has significant unused space. It is just blocks from Amazon’s HQ2 building that is under construction.
Boeing moved its headquarters to Chicago in 2001, leaving its Seattle home after 85 years following its 1997 merger with St. Louis-based rival McDonnell Douglas – a decision that angered rank-and-file mechanics and engineers.
Chicago, Cook County and Illinois awarded Boeing more than $60 million in tax and other incentives over 20 years to relocate. Those credits have expired, though Boeing was set to receive 2021 funds this year.