Raytheon Emirates signs lease with Mubadala for new UAE headquarters in Abu Dhabi
ABU DHABI, United Arab Emirates, (June 4, 2018) – Raytheon Emirates, a wholly owned subsidiary of Raytheon Company (NYSE: RTN), announced today that it has signed a long-term lease with Mubadala Investment Company (Mubadala), establishing its new UAE headquarters at Abu Dhabi Global Market Square. Located in Al Maqam Tower, the new location will be nearly 1,837 square meters once it is completed and ready for occupancy later this year.
“The lease agreement with Mubadala for our new headquarters further solidifies Raytheon Emirates’ long-term commitment to bringing value and diversification to the UAE economy and providing increased indigenous capability for products, systems and solutions for the UAE Armed Forces and commercial customers throughout the region,” said John Brauneis, chief executive of Raytheon Emirates. “We greatly value our partnership with Mubadala in securing a prime location for Raytheon Emirates to operate and contribute to the thriving business in Abu Dhabi.”
The lease provides for some flexibility for future expansion of Raytheon Emirates’ headquarters.
Ali Eid Al-Mheiri, executive director of the Real Estate and Infrastructure division at Mubadala, commented, “We are proud to welcome Raytheon to ADGM Square where they will locate their UAE headquarters. ADGM Square boasts a growing number of industry leaders, further establishing Al Maryah Island as Abu Dhabi’s premier business hub. As our partners, we look forward to supporting their operations and growth through our world-class real estate offering.”
With the outfitting of its new headquarters underway, Raytheon Emirates will turn its focus to leveraging Raytheon’s proven processes, culture and commitment to human capital development, supplier development, and technology development, and becoming the most trusted UAE defense partner developing Emirati knowledge-based leaders and high value innovative solutions that provide sovereign capabilities.
About ADGM Square
Abu Dhabi Global Market Square is the commercial heart of Al Maryah Island and home to the headquarters of Abu Dhabi Global Market, the world’s newest international financial center. It includes four Grade A commercial towers, designed to the highest quality, sustainability and functionality guidelines. The towers were the first buildings in the UAE to be awarded the prestigious “LEED for Core and Shell – Gold” Pre-Certification by the US Green Building Council.
Each of the four office towers is connected through air-conditioned walkways to The Galleria on Al Maryah Island, a premium shopping and dining destination. The Galleria offers employees in the office towers over 40 food and beverage outlets and a vast array of shopping options, making Al Maryah Island one of the most convenient workplaces for international companies and Abu Dhabi residents.
About Raytheon Emirates
Raytheon Emirates, headquartered in Abu Dhabi, was incorporated in the UAE in 2017 as a wholly owned subsidiary of Raytheon Company. Raytheon Emirates is initially focusing on four business areas: cybersecurity, effectors, air and missile defense, and advanced technology. In its first year of operation, Raytheon Emirates is growing a local workforce to include UAE national technical talent and Emirati executive leadership.
Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5ITM products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.