Raytheon Company will relocate two of its four business units to its existing campus facilities in Sterling, Virginia and McKinney, Texas. The company said its decision stems from consolidation intended to streamline operations, increase productivity and achieve stronger alignment with its customers' priorities.
Raytheon's newly formed Intelligence, Information and Services business will establish its headquarters at the company's existing Dulles, Virginia, hub operations in Sterling, Virginia. IIS provides a full range of ISR, navigation, weather, cybersecurity, training, logistics, mission support and engineering solutions for the intelligence community, government and commercial customers.
"Raytheon is an important employer in Virginia, and has had a strong presence in Loudoun County for a number of years. The company's existing campus with room for expansion offers the right infrastructure, access to high-tech workforce and proximity to defense and government customers. This consolidation of Raytheon's IIS headquarters in Loudoun County positions the business for strong future growth and continued success in the Commonwealth," Virginia Gov. Bob McDonnell said.
"Virginia is honored by the prestige of hosting the new Raytheon IIS headquarters in Loudoun County," said Jim Cheng, Virginia Secretary of Commerce and Trade. "We are hopeful that this new consolidated business headquarters will lead to future expansions and growth opportunities." The Virginia Economic Development Partnership worked with Loudoun County to secure the project for Virginia. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company's recruitment, training and retraining activities.
In addition, Raytheon's Space and Airborne Systems business headquarters will be relocated from El Segundo, California, to McKinney, Texas, where the company already has a major business presence. Raytheon said it will maintain business operations in California, as well as in other states. SAS builds radars and other sensors for aircraft, spacecraft and ships; provides communications and electronic warfare solutions; and performs research in areas ranging from linguistics to quantum computing.
“Raytheon’s decision to relocate its SAS headquarters from California to Texas is further proof that the Lone Star State’s highly skilled and competitive workforce continues to attract technology companies large and small, thanks in part to our commitment to STEM education to prepare Texas students for highly specialized jobs such as these,” Texas Gov. Rick Perry said. “Our low taxes, predictable regulations and fair courts provide the best opportunity for companies across a variety of industries to succeed, and are a beacon for families and employers alike.
McKinney Texas city officials and staff of the McKinney Economic Development Corporation and the McKinney Community Development Corporation worked closely with Raytheon executives to facilitate the move to McKinney.