Raytheon Technologies to move global headquarters to Arlington

Raytheon Applied sciences stated Tuesday that it’s transferring its world headquarters to Arlington County, making it the second giant aerospace firm in current weeks to ascertain its company workplaces in Northern Virginia close to federal authorities clients.

The announcement comes a month after Boeing stated it will transfer its headquarters to Arlington and marks a second main financial growth victory for Gov. Glenn Youngkin, a former company co-CEO who was inaugurated as governor 5 months in the past.

“With 4 of the highest 5 main U.S. aerospace and protection leaders now primarily based in Virginia, this choice to headquarter in Arlington demonstrates that the commonwealth is one of the best vacation spot for the aerospace and protection group,” Youngkin stated in an announcement on Tuesday.

The governor additionally promised that “Virginia is dedicated to being a associate of their mission to construct a safer, extra linked world.”

Raytheon stated it has not “accepted or sought” any monetary incentive from state or native authorities to decide on Arlington for the headquarters, which at present is predicated in Waltham, Mass. The brand new headquarters will likely be primarily based in Rosslyn, instantly throughout the Potomac River from Washington, D.C. and subsequent to the Raytheon Intelligence & House enterprise.

“The situation will increase agility in supporting U.S. authorities and industrial aerospace companions and serves to strengthen partnerships that may progress revolutionary applied sciences to advance the business,” the corporate stated in its announcement. “Washington, D.C., serves as a handy journey hub for the corporate’s world clients and workers.”

Raytheon operates 600 amenities in 44 states and territories, with every of the corporate’s 4 enterprise models already situated in Virginia.