Boeing to move headquarters from Chicago to Virginia
Publishing timestamp: 2022-05-05 19:45:30
Summary
Boeing is moving its headquarters from Chicago to Arlington, Virginia in an effort to repair relationships with customers, regulators, and lawmakers. The move will also include plans to develop a research and technology hub in the area. Critics view the move as a symbol of prioritizing profits over engineering dominance, especially after the 737 Max crashes. CEO Dave Calhoun is working to address production issues and certification delays.
Sentiment: MIXED
Tickers: BA,
Keywords: business, business news, aerospace and defense industry, transportation, boeing co, airlines,
Source: https://www.cnbc.com/2022/05/05/boeing-to-move-headquarters-from-chicago-to-virginia-.html