Big protection contractor Raytheon Technologies will relocate its company headquarters from Waltham, Massachusetts, to Arlington, Virginia, becoming a member of other protection contractors going closer to the government businesses they do enterprise with.
Big defense contractor Raytheon Technologies will relocate its corporate headquarters from Waltham, Massachusetts, to Arlington, Virginia, joining other protection contractors shifting nearer to the government organizations they do business with.
Raytheon can make all the things from Patriot missiles to Pratt & Whitney jet engines.
The new headquarters will be in Rosslyn, exactly where Raytheon now has its Intelligence and Place small business. Raytheon has numerous operations in Virginia by now.
There are no monetary incentives from any state or municipality associated with Raytheon’s choice to relocate its international headquarters to Arlington.
The transfer will consider put in the third quarter of this yr. It will not end result in a important increase in its area headcount and there will be no workforce reductions in Massachusetts, according to a business spokesman.
Raytheon at this time has about 3,500 workforce in the D.C. area.
“The area improves agility in supporting U.S. govt and commercial aerospace prospects and serves to reinforce partnerships that will progress ground breaking technologies to progress the industry. Washington, D.C. serves as a handy journey hub for the company’s global clients and personnel,” Raytheon said in a statement.
Raytheon’s announcement comes 1 month soon after a further Fortune 500 corporation, Boeing stated it was relocating its headquarters from Chicago to Arlington, and would establish a key exploration and technologies hub right here.
Equally will be shoulder to shoulder with competitors headquartered in the Washington region, like Lockheed Martin, General Dynamics and Northrop Grumman.
Raytheon Systems Corporation was shaped in 2020 by the merger of Raytheon Firm and United Systems Company aerospace organizations.
Like WTOP on Facebook and follow WTOP on Twitter and Instagram to engage in dialogue about this write-up and other folks.
Get breaking information and every day headlines delivered to your e mail inbox by signing up below.
© 2022 WTOP. All Legal rights Reserved. This site is not meant for customers situated within just the European Financial Region.