Raytheon plans to move headquarters out of Massachusetts

Raytheon Technologies, a major aerospace and defense contractor near the top of the Fortune 500, will move its headquarters from Massachusetts, and the company announced Tuesday that it will move its global headquarters from Waltham to Arlington, Virginia. This transition will occur during the third quarter of the year. Reasons cited for this move include better proximity to clients and a convenient travel hub in Washington. The company said it did not obtain or seek any financial incentives in connection with the decision to move. The announcement states, “The site increases agility in support of US government and commercial space customers and works to foster partnerships that will develop innovative technologies to advance the industry.” Raytheon ranks 58 on the Fortune 500 list. The company has 600 facilities in 44 states and territories. As of August 2021, the Boston Business Journal reported that Raytheon was the 10th largest employer in Massachusetts, with 15,000 employees. The company has approximately 180,000 employees. “There will be no impact on our number of employees in Massachusetts,” a company spokesperson wrote in an email to WCVB. Raytheon Technologies currently has more than 450 open positions in Massachusetts and will continue to invest in workforce and facilities in Massachusetts. “I spoke to Raytheon yesterday afternoon about this matter,” said Governor Charlie Baker. “They’re the only major defense contractor in America that isn’t headquartered somewhere in the greater metropolitan area — so in some ways, it’s not surprising. I don’t think it’s going to have any impact on their growth or continuity. Getting involved here in the Commonwealth.” Raytheon and Connecticut companies merged in 2020, creating a single company with four major business components: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. “Virginia,” the company said.

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Raytheon Technologies, the main aviation and space contractor near Summit fortune 500It will move its headquarters out of Massachusetts.

company announced tuesday It will move its global headquarters from Waltham to Arlington, Virginia. This transition will occur during the third quarter of the year.

Reasons cited for this move include better proximity to clients and a convenient travel hub in Washington. The company said it did not obtain or seek any financial incentives in connection with the decision to move.

The announcement states, “The site increases agility in support of US government and commercial space customers and works to foster partnerships that will develop innovative technologies to advance the industry.”

Raytheon ranks 58th on the Fortune 500 list. The company has 600 facilities in 44 states and territories.

As of August 2021, The Boston Business Journal reported Raython was the tenth largest employer in Massachusetts, with 15,000 employees. The company has approximately 180,000 employees.

“There will be no impact on our number of employees in Massachusetts,” a company spokesperson wrote in an email to WCVB. “Raytheon Technologies is currently hiring more than 450 job openings in Massachusetts and will continue to invest in workforce and facilities in Massachusetts.”

“I spoke to Raytheon yesterday afternoon about this,” Governor Charlie Baker said. “They’re the only major defense contractor in America that isn’t headquartered somewhere in the greater metropolitan area — so in some ways, it’s not surprising. I don’t think it’s going to have any impact on their growth or continuity. Getting involved here in the Commonwealth.”

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Connecticut-based Raytheon and United Technologies merged in 2020, creating a single company with four major business components: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence and Space, and Raytheon Missile and Defense.

“Each of the company’s four business units has operations in Virginia,” the company said.

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