(Up to date at 10:35 a.m.) Scorching on the heels of Boeing moving its corporate headquarters to Arlington , one other Fortune 100 company is about to name the county residence.
Raytheon Applied sciences, which has an current workplace at 1100 Wilson Blvd in Rosslyn, is planning to maneuver its international headquarters to the neighborhood, the corporate and Virginia Gov.
Glenn Youngkin introduced this morning.
It's at the moment primarily based exterior of Boston, the place the corporate was founded a century ago .
Raytheon, a significant protection contractor and aerospace firm, is barely bigger than Boeing by way of income and international workforce , .4 billion and 174,000 workers, respectively, in 2021.
It at the moment has 116,000 sq. toes of house in one of many “twin towers” buildings in Rosslyn, after renewing its lease there in November 2020 .
Youngkin hailed the transfer as proof that “the Commonwealth is the very best vacation spot for the aerospace and protection neighborhood.” 4 of the highest 5 U.S. aerospace and protection corporations will now be primarily based in Northern Virginia: Boeing and Raytheon in Arlington, plus Northrop Grumman and Normal Dynamics in Fairfax County. (The fifth, Lockheed Martin, relies in Bethesda however has workplaces in Arlington.) Welcome to Virginia @RaytheonTech ! https://t.co/S8l4OUVnIQ pic.twitter.com/sHEUuoVKYp , Governor Glenn Youngkin (@GovernorVA) June 7, 2022 Arlington Democrats additionally touted the transfer this morning, saying that “the County attracts enterprise by good public funding and being welcoming to everybody.” Raytheon would be the newest firm to name Arlington residence The County attracts enterprise by good public funding and being welcoming to everybody Progressive values result in financial growth and make Arlington a fantastic place to be https://t.co/ANeICvjR0r , Arlington Democrats (@arlingtondems) June 7, 2022 Raytheon, in the meantime, stated its transfer “will increase agility in supporting U.S. authorities and business aerospace prospects.” “Protection executives have lengthy cited entry to resolution makers as a cause to be within the Washington area,” {industry} publication Protection One noted this morning .
A Raytheon spokesperson told the Boston Globe that that there could be “no discount within the protection firm’s Massachusetts workforce because of the transfer” and that “there wouldn't be a internet improve in employment in Arlington consequently.” The spokesperson additionally famous that the “company tackle change” will happen between July and September and would solely end in a “‘slight growth’ of Raytheon’s current leased house in Virginia,” per the Globe.
Different notable corporate headquarters in Arlington embody the U.S. operations of Nestle, in Rosslyn; Amazon’s HQ2, underneath building in Pentagon Metropolis; in addition to AES Company and E-Commerce, each in Ballston.
The complete press release from Raytheon is under.
Raytheon Applied sciences (NYSE: RTX) introduced at present that it'll set up its international headquarters in Arlington, Virginia.
The situation will increase agility in supporting U.S. authorities and business aerospace prospects and serves to bolster partnerships that may progress revolutionary applied sciences to advance the {industry}.
Washington, D.C. serves as a handy journey hub for the corporate’s international prospects and workers.
The corporate will preserve its robust U.S. presence which incorporates 600 services throughout 44 states and territories.
Every of the corporate’s 4 enterprise models at the moment have operations in Virginia.
The brand new international headquarters workplace will likely be in Arlington’s Rosslyn neighborhood alongside the Raytheon Intelligence and House enterprise.
Raytheon Applied sciences has not accepted or sought any monetary incentives from any state or municipality to assist the institution of the worldwide headquarters workplace in Virginia.
About Raytheon Applied sciences Raytheon Applied sciences Company is an aerospace and protection firm that gives superior programs and providers for business, army and authorities prospects worldwide.
With 4 industry-leading companies ― Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & House and Raytheon Missiles & Protection ― the corporate delivers options that push the boundaries in avionics, cybersecurity, directed vitality, electrical propulsion, hypersonics, and quantum physics.
The corporate was fashioned in 2020 by means of the mix of Raytheon Firm and the United Applied sciences Company aerospace companies.
A employee buried as much as his shoulders in dust after a trench collapse has been rescued by firefighters.
Seize your rainbow flags, the Arlington Pleasure Competition is that this weekend.
The free occasion is ready to run from midday to 7 p.m. tomorrow (Saturday) at Rosslyn’s Gateway Park at… Arlington residents have till the tip of this month to inform the county what enhancements they wish to see on a portion of Arlington Boulevard Path.
The neighborhood engagement portion… In the present day’s Itemizing of the Day is a 3 BD/4.5 BA brick townhome with hardwood flooring and two wooden burning fireplaces. source