Boeing leaving Virginia?

Not exactly. Calm down.

by Chris Saxman

Boeing has relocated its Defense, Space & Security division headquarters from Arlington, Virginia to St. Louis, Missouri in order to better align its leadership with its primary engineering, manufacturing and production workforce.

Officials from the company said that this move was intended to improve operational focus and program execution as well as proximity to production facilities.

Boeing’s corporate headquarters will remain in Arlington but the defense leadership will be located closer to the largest concentration of its defense employees.

Leadership closer to 18,000+ regional defense employees
More alignment with manufacturing and engineering hubs
Focus on program execution and performance
This is not a tax or a political relocation

Corporate layoffs

The following is a summary of the Richmond Times Dispatch Business Section (D-Hanover), over the last weekend.

I would link to the article, but accessing their website is a pain – so I figured I wouldn’t torture you.

Latest announcements by company:

Dow – 6,800
Amazon – 30,000
UPS – 78,000
Tyson Foods – 4,900
HP – Between 4,000 and 6,000
Verizon – 13,000
Nestle – 16 000 worldwide
Novo Nordisk – 9,000
Intel – 24 500 over the last two years
Procter & Gamble – 7,000
Microsoft – 15000
GM – 1 700
Paramount – 2600
Goal – 1,800
ConocoPhillips up to 3,250
Lufthansa Group: 4,000 passengers by 2030

Chris Saxman, executive director of Virginia FREE. This commentary was taken with permission from The Intersection, his Substack Account.