Raytheon’s newly opened center resulted from a $100 million investment and collaboration from the McKinney Economic Development Corp. that included a commitment to generate 500 skilled jobs, which has already been met, according to a Raytheon news release.
"Our new Advanced Integration and Manufacturing Center, and plans for greater expansion reflect a deliberate strategy to transform ourselves by investing in new digital capabilities," Roy Azevedo, president of Raytheon Intelligence & Space, said in the release. "We are laser focused on improving our agility as we develop and deliver the world's finest technologies to our valued customers."
Now, a larger factory, new offices and more jobs are coming to McKinney with Raytheon’s latest expansion plan.
The company plans to build a 400,000-square-foot factory, lab and office space at its McKinney campus, which is set to open by 2025, per the news release.
This manufacturing operation will be a larger and consolidated modern space, and will allow Raytheon to generate an additional 700 jobs, the release stated. In addition to this space in McKinney, Raytheon will also outfit a new 250,000-square-foot leased facility in North Texas to house technology programs. This is also expected to open in 2025, per information from Raytheon.
"Raytheon Technologies is a truly respected and valued corporate partner, and we are proud to have their long-standing presence in our community,” Mayor George Fuller said in the news release. “McKinney is known for fostering strong business relationships and creating an environment that not only allows these businesses to grow but provides their employees with a great place to call home.”
Raytheon also is investing in physical upgrades to its labs and manufacturing facilities, as well as allowing its workforce to continue to work remotely, onsite or in a hybrid setting to fit schedules and job responsibilities.
"Our work could not slow down during the pandemic, and, in fact, we're seeing greater demand for our technology," Azevedo said in the release. "By empowering our teams to be productive and connected, they are transforming our operations in North Texas and across RI&S to tackle customer challenges today and far into the future."
Clarification: This article has been updated to reflect that the center is a result of a $100 million investment and collaboration with the McKinney Economic Development Corp.