Raytheon to Expand Operations at Farmington, N.M., Site
TUCSON, Ariz., Feb. 27, 2007 /PRNewswire/ -- As part of its strategy to increase its high-rate manufacturing capability, Raytheon Company (NYSE: RTN) plans to expand operations at its manufacturing facility at the Navajo Agricultural Products Industry (NAPI) Industrial Park south of Farmington, N.M.
Raytheon will increase the manufacturing space of the 38,000 square-foot facility to 68,000 square feet to accommodate additional work and will increase employment to as many as 200 employees. Raytheon partnered with the state of New Mexico and Navajo Nation to fund the expansion project. Upon completion, the Navajo Nation will retain ownership of the site, and Raytheon will lease the manufacturing space.
"Our NAPI facility has delivered exceptional production and safety metrics, making it the ideal location for us to expand our high-rate production capability," said Louise Francesconi, Raytheon Missile Systems president. "We look forward to building on its success with this expansion."
At the NAPI facility, Raytheon currently assembles parts of 12 missile and munitions programs for the U.S. Army, Air Force, Marine Corps and Navy.
Raytheon Company (NYSE: RTN), with 2006 sales of $20.3 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs more than 80,000 people worldwide.
Contact: Everett Tackett, APR 520.794.9494
SOURCE: Raytheon Company
CONTACT: Everett Tackett, APR of Raytheon Company, +1-520-794-9494
Web site: http://www.raytheon.com/