GARLAND, Texas, March 26, 2014 /PRNewswire/ -- Raytheon Company
(NYSE: RTN) today announced plans to move its Garland, Texas, operations to a new
state-of-the-art office complex to be built at the CityLine
development in Richardson, Texas.
Raytheon will occupy 489,000 square feet in three buildings located
near the intersection of President George Bush Turnpike and North
Central Expressway (US 75), and will begin the move in the fourth
quarter of 2015, depending on the construction schedule.
"Moving our Garland operations
to this state-of-the-art facility in Richardson, Texas, will provide an outstanding
modern work environment for our 1,700 employees and visitors and
will allow for expansion as our business grows," said Lynn Dugle, president of Raytheon Intelligence,
Information and Services (IIS). "Our new offices will also
help us support the missions of our customers and will better
reflect our role as a global technology and innovation leader in
such areas as information processing, big data, cyber security, and
weather data exploitation."
Raytheon's Jupiter Road complex in Garland dates back to the 1950s. Several
options are being pursued regarding the future of the site.
Throughout North Texas, the
company has approximately 8,000 employees, and in addition to IIS,
Raytheon's Missile Systems, Space and Airborne Systems, and various
corporate operations are located in the area. Last year, SAS
relocated its headquarters to McKinney,
Texas, from Southern
California.
About Raytheon
Raytheon Company, with 2013 sales of
$24
billion and 63,000 employees worldwide, is a
technology and innovation leader specializing in defense, security
and civil markets throughout the world. With a history of
innovation spanning 92 years, Raytheon provides
state-of-the-art electronics, mission systems integration and other
capabilities in the areas of sensing; effects; and command,
control, communications and intelligence systems, as well
as cyber security and a broad range of mission support
services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit
us at www.raytheon.com and follow us on Twitter
@Raytheon.
Media Contact
Jason
Kello
+1.571.250.1428
iispr@raytheon.com
SOURCE Raytheon Company