Raytheon realigns two business headquarters locations
Part of company's previously announced consolidation initiative
WALTHAM, Mass., May 2, 2013
WALTHAM, Mass., May 2, 2013 /PRNewswire/ --Raytheon Company (NYSE: RTN) today
announced that two of its four businesses will have new headquarters
locations. The decisions stem from the company consolidation announced March
25, 2013, intended to streamline operations, increase productivity and achieve
stronger alignment with its customers' priorities.
Raytheon's newly formed Intelligence, Information and Services (IIS) business
will establish its headquarters at the company's existing Dulles, Va., hub
operations in Sterling, Va. IIS provides a full range of ISR, navigation,
weather, cybersecurity, training, logistics, mission support and engineering
solutions for the intelligence community, government and commercial
Raytheon's Space and Airborne Systems (SAS) business headquarters will
transition from El Segundo, Calif., to McKinney, Texas, where the company
already has a major business presence. Raytheon 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.
The headquarters of Raytheon's Integrated Defense Systems and Missile Systems
businesses remain in Tewksbury, Mass., and Tucson, Ariz., respectively.
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees
worldwide, is a technology and innovation leader specializing in defense,
security and civil markets throughout the world. With a history of innovation
spanning 91 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 a
broad range of mission support services. Raytheon's global headquarters is in
Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and
follow us on Twitter @raytheon.
SOURCE Raytheon Company
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