Raytheon announces new 200,000-square-foot facility in McKinney

Raytheon will build a new facility at its Space and Airborne Systems headquarters in McKinney.

Raytheon will build a new facility at its Space and Airborne Systems headquarters in McKinney.

A new 200,000-square-foot facility will be built at Raytheon’s Space and Airborne Systems headquarters in McKinney. The new facility, which is expected to be complete in late 2020, will support 500 new high-tech jobs, according to an Aug. 22 release.

“This is an investment in the talented McKinney workforce,” Raytheon SAS President Roy Azevedo said in the release. “It shows we are serious about our presence in Texas and that we are here to stay.”

The headquarters, located at 2501 W. University Drive, McKinney, specializes in surveillance, intelligence and recon systems, according to the release.

The McKinney Economic Development Corp. has approved a support package for Raytheon. The two organizations are finalizing details on a $6 million-$7.5 million incentive agreement, MEDC president and CEO Peter Tokar said in an email.

Raytheon’s North Texas operations contribute $4.8 billion to the Texas economy, according to the University of North Texas Economic Research Group. This group was commissioned by Raytheon.

In 2018, the company employed approximately 3,600 workers in Collin County and brings in $41.2 million in state and local tax revenues annually, according to UNT.

“Raytheon’s North Texas operations are a powerful economic engine,” said Michael Carroll, the director of the Economic Research Group at UNT, in the release.

Raytheon is McKinney’s largest employer. The SAS headquarters has been in McKinney since 2013, Azevedo said at the announcement Aug. 22.

“McKinney has always been proud to have the prominent presence of Raytheon … and we are excited at the opportunity for new corporate expansion in McKinney,” McKinney Mayor George Fuller said in the release.

Founded in 1922, Raytheon specializes in defense, government and cybersecurity systems throughout the world, Azevedo said. Raytheon's SAS division also has locations in Plano and Dallas.

Editor's note: Raytheon was founded in 1922, not 1972 as previously reported. This article has been updated to include information from the McKinney Economic Development Corp. 
SHARE THIS STORY
By Cassidy Ritter

Cassidy graduated from the University of Kansas in 2016 with a degree in Journalism and a double minor in business and global studies. She has worked as a reporter and editor for publications in Kansas, Colorado and Australia. She was hired as senior reporter for Community Impact Newspaper's Plano edition in August 2016. Less than a year later, she took the role of editor for the McKinney edition.


MOST RECENT

2020 vote buttons adobe stock image
Collin County primary candidates to meet for forum at Collin College

Candidates for Collin County, Texas and U.S. Representative seats will meet for a forum Jan. 25 at Collin College.

Serendipity Labs will open in McKinney's new Hub 121 mixed-use development. (Photo courtesy Yale Gurney)
Serendipity Labs to open coworking space in McKinney's new Hub 121 development

Serendipity Labs is opening this spring at Hub 121 in McKinney.

Lone Star Pediatrics is now open in McKinney. (Courtesy Lone Star Pediatrics)
New pediatric clinic opens in McKinney

Lone Star Pediatrics opened a new pediatric practice Nov. 21.

Texas oil and gas industry could see a major slowdown in 2020

The oil and natural gas industry paid a record-setting $16.3 billion in taxes and royalties to local governments and the state in 2019, the Texas Oil and Gas Association announced Tuesday.

The McKinney Planning & Zoning Commission approved the plan for an apartment development, which will move on to McKinney City Council for discussion and consideration. (Courtesy city of McKinney)
McKinney P&Z approves zoning for apartment complex

The McKinney Planning and Zoning Commission unanimously voted Jan. 14 to rezone 12.64 acres that would allow a multifamily housing development to be built.

McKinney Wine Merchant will relocate from its current location to a new space on the southeast corner of Virginia Parkway and US 75. (Jean Ann Collins/Community Impact Newspaper)
McKinney Wine Merchant to relocate out of downtown McKinney, expand offerings

McKinney Wine Merchant will relocate in early spring from its current location to a new location at 131 S. Central Expressway, McKinney.

The Comedy Arena is planning to double the size of its current space by expanding into the second floor. (courtesy Comedy Club Arena)
The Comedy Arena doubling space in downtown McKinney, undergoing renovations

The Comedy Arena, located at 305 E. Virginia St., Ste. 104, McKinney, is looking to double its size with an upcoming renovation and expansion project.

Jiffy Lube is now open in McKinney off of US 380. (courtesy Adobe Stock)
Jiffy Lube now open in McKinney

Jiffy Lube opened Nov. 4 at 3076 W. University Dr., McKinney.

mission regan loading supply plane mckinney
McKinney nonprofit Mission Regan relocating to new space

Mission Regan expects to relocate in February from 330 Industrial Blvd., Ste. 111, McKinney, to 2140 Redbud Blvd., Ste. F, McKinney.

A McKinney-based organization with the goal of preventing substance-abuse among local youths has recently received more than $1.6 million in federal and state funding to further its initiatives. (courtesy Adobe Stock)
McKinney youth drug-prevention organization receives over $1.6 million in federal, state funding

A McKinney-based organization with the goal of preventing substance abuse among local youths has recently received more than $1.6 million in federal and state funding to further its initiatives.

The menu will feature modern American food, including pancakes, waffles, French toast, burgers, sandwiches, coffee and espresso drinks, bloody marys, mimosas and more. (Courtesy Mary's)
Mary's to open upscale family diner in McKinney

Mary’s expects to open in February at 4150 Eldorado Parkway, Ste. 500, McKinney.

Horizon Medical Center McKinney is expected to open in mid- to late-January. (Courtesy Adobe Stock)
Horizon Medical Center to offer long-term acute care at new McKinney location on US 380

Horizon Medical Center McKinney is expecting to open in mid- to late-January at 6601 W. University Drive, McKinney.

Back to top