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Boeing to Move HQ to Chicago

Boeing Co. will move its world headquarters to Chicago.

"We're continuing to transform our company with a focus on long-term growth and value creation. Our new corporate architecture -- with a leaner headquarters located separately from our major business units -- is a fundamental element of our business strategy," said Boeing Chairman and CEO Phil Condit said.

"We looked at three very exciting metropolitan areas in which to base our company. Each community had many positive attributes and would be a suitable location for a corporate headquarters. It was a very difficult decision and no single factor made the difference. In the end, we looked at all the data and made what we believe is the right choice for Boeing," Condit said.

By Sept. 4, the company plans to begin operations in its new headquarters at 100 North Riverside Plaza in Chicago.