In the last six months Boeing has begun to redefine aerospace by: establishing a communications business, Connexion by Boeing SM ; acquiring Jeppesen as the hub of an information services business; putting increased emphasis on its financial services, Boeing Capital Corporation; and setting up a business to transform the world's air traffic management and control systems to improve safety, convenience and capacity.

The company's new corporate center will be established at a new location. "As we've grown, we have determined that our headquarters needs to be in a location central to all our operating units, customers and the financial community but separate from our existing operations," he said.  

"The role of the new, leaner corporate center will be to seek new growth opportunities around the globe. Our newly promoted business unit leaders will have greater freedom to serve their customers, develop partnerships, grow, and create additional value for our shareholders and growth opportunities for our employees."