Boeing to move corporate headquarters from Chicago to Arlington, Virginia

Boeing announced Thursday that it is moving its global headquarters from Chicago to Arlington, Virginia just outside Washington, D.C.

Boeing is not leaving Chicago altogether. The news release said the company will maintain a "significant presence" at its Chicago office at 100 N. Riverside Plaza in the West Loop Gate.

Boeing said it has implemented "flexible and virtual solutions" so that not everyone needs to be in the office anymore and less office space is needed. At the Chicago Boeing office, less office space will now be required for the employees who will be based there.