Posted: Fri, May 11, 2001, 12:10 AM ET (0410 GMT)
The Boeing Corporation announced Thursday it has selected Chicago as the site of its new corporate headquarters. Boeing, the world's largest aerospace company, selected Chicago over Dallas and Denver after a two-month "beauty contest" among the three cities. The company announced in March it would move its corporate headquarters from Seattle in order to bring it closer to the financial and political centers of power on the East Coast. The company also wanted to deliberately distance its headquarters from its commercial aviation unit in Seattle, as well as its space and communications unit in southern California and defense unit in St. Louis. Boeing plans to have its 500-person headquarters office, to be located in a downtown Chicago office building, up and running by early September.

Related Links:

•  Boeing press release