Aerospace and defense company RaytheonTech will relocate its global headquarters to Arlington, Virginia, becoming the second aerospace company to move there in recent months,
Raytheon said the move, announced Tuesday, will help to deepen its connections in the defense and intelligence sector given the proximity to the U.S. government, placing it just miles away from the Pentagon. The company is the last of the big five defense and aerospace companies to move just outside of Washington, D.C., after Boeing announced its relocation last month.
Raytheon's relocation was celebrated by Virginia Gov. Glenn Youngkin, a Republican who has touted his private equity background as critical in attracting businesses to the state during his first year in office. While Raytheon had to lay off thousands of employees amid a sales dip attributed to the pandemic, the numbers are trending upward, the company's CEO, Greg Hayes, said.
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Raytheon to move global headquarters from Waltham to near WashingtonThe location just outside Washington “increases agility in supporting U.S. government and commercial aerospace customers and serves to reinforce partnerships that will progress innovative technologies to advance the industry,” the company said in a news release.
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