Raytheon realigns two business headquarters locations
Part of company's previously announced consolidation initiative
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 customers.
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