
More high-paying jobs scheduled to flee the Golden State
Major defense contractor Northrop Grumman said it plans to move its headquarters from El Segundo to the Washington D.C. area by 2011. The Washington Post reports the company is looking for a site somewhere around the nation’s capital and plans to identify one in the next few months. This movewill benefit the economy in the D.C. region, but it represents yet one more blow to California’s bruised economy.
"As a global security company with a large customer base in the Washington, D.C. region, this move will enable us to better serve our nation and customers," Northrop chief executive Wes Bush said in a statement. Northrop is the father of the proposed KC-45 tanker, the in-flight refueling aircraft that was the subject of a big fight with rival Boeing, according to the Washington Post.