Raytheon Dedicates New Facilities at Missile Systems Business

May 10, 2018

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Raytheon Company (NYSE: RTN) executives, along with federal, state and local officials, and local business leaders, dedicated new facilities at Raytheon Missile Systems. This is part of a large-scale expansion and modernization project to increase capacity and capability at Raytheon's Tucson operations. A ribbon-cutting ceremony took place in front of newly-built structures that will house many of the 2,000 new employees the company is hiring to support business growth.

New buildings scheduled for completion this year include an advanced testing facility, a multi-purpose building and a customer access center. The expansion is planned for completion in 2020 and includes:

• New buildings.
• Infrastructure upgrades.
• Engineering and manufacturing enhancements.
• High-powered computing capabilities.

Raytheon Missile Systems is designing, engineering, testing and manufacturing some of the most advanced aerospace and defense technologies of today and the future, including missile defense systems, hypersonic missiles and space vehicles. Arizona's supportive environment for business investment and growth is an enabler of Raytheon's success.

"Our expansion supports the nation's military, the security of America's allies and the U.S., state and local economies," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "This project validates Southern Arizona's strengths in innovation, technology and quality of life for our growing workforce, and has been made possible by the strong collaboration and support of government and private sector partners."

Raytheon's recent expansion is expected to result in billions of dollars of economic impact throughout Arizona over 10 years. Partners in the expansion include Arizona Gov. Doug Ducey, Arizona Commerce Authority, Pima County, City of Tucson, Sun Corridor Inc., Tucson Airport Authority and Tucson Electric Power.

Source : Raytheon Corporation (NYSE: RTN)