GOVERNOR KAINE ANNOUNCES RAYTHEON TO CONSOLIDATE FACILITIES IN LOUDOUN COUNTY
RICHMOND - Governor Timothy M. Kaine today announced that Raytheon Company, a technology and innovation company specializing in defense, homeland security, cybersecurity and other government markets, is planning to consolidate some of its Northern Virginia facilities into approximately 600,000 square feet of building space in Loudoun County.
The project will include a capital investment of about $37.5 million and during the next 36 months Raytheon expects to create about 100 jobs for the company's Virginia operations. Virginia successfully competed with Maryland and Washington, D.C., for the project.
“Raytheon Company is an important employer in the Commonwealth,” Governor Kaine said. “The location the company has selected in Loudoun County is an existing campus with room for expansion. As part of Raytheon’s consolidation and expansion project, this facility best meets its needs for security, proximity to workforce, square footage and timeframe.”
Raytheon employs more than 4,000 people in Virginia. The project is part of Raytheon Company’s plans to improve facility efficiencies, and will involve relocating certain Raytheon employees from current, dispersed locations in Virginia to the Loudoun County site next year.
Raytheon will lease space in four office buildings at AOL’s Pacific Corporate Park in Dulles, Virginia. The buildings are located at Route 28 and Waxpool Road. The Loudoun County facility will house portions of both Raytheon Technical Services Company and Raytheon's Intelligence and Information Systems business unit. AOL will continue to have a significant presence in Loudoun County at its Dulles campus.
With a history of innovation spanning 87 years, Raytheon Company provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. With headquarters in Waltham, Massachusetts, Raytheon employs 73,000 people worldwide and reported 2008 sales of $23.2 billion.
“Our decision to consolidate our offices brings many of our Northern Virginia employees to a common location and provides an opportunity for greater Raytheon teamwork, collaboration and innovative thinking,” said Tom Culligan, senior vice president of Raytheon Company. “As one of the fastest-growing counties in the country, we are confident that the move to Loudoun County will support our efforts to attract and retain a highly skilled workforce in the Commonwealth.”
The Virginia Economic Development Partnership worked with Loudoun County to secure the project for Virginia. Governor Kaine approved a $500,000 grant from the Governor’s Opportunity Fund to assist Loudoun County with improving and upgrading the Route 28 technology corridor project. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program.
“On behalf of the Board of Supervisors, I’d like to welcome Raytheon to Loudoun County,” said Chairman Scott York, Loudoun County Board of Supervisors. “Raytheon’s long history of important contributions to our national security and its reputation for generously supporting local communities makes Raytheon the perfect fit for our growing federal government contractor cluster. We are very excited that Raytheon recognized the advantages of doing business in Loudoun and has selected our community as a hub for two of its major business units. We're very confident Raytheon’s employees, who will now be working here, will find Loudoun County a great place to live and work.”