access to transportation and a skilled technical workforce have been a factor
for many companies relocating their operations. The most recent company to make
headlines by relocating to
is Raytheon.
Raytheon will move its Intelligence, Information and
Services (IIS) unit from
to a new state-of-the-art office complex to be built at the CityLine mixed-use development in
Approximately 1,700 employees will occupy the 489,000-square-foot, 3-building campus. Raytheon has about 8,000 employees in North Texas.
Bill Foley,
Director of Operations for Raytheon, spoke to a sold-out crowd at the
Richardson Chamber of Commerce Growth & Mobility luncheon May 14. He told
the crowd of mostly business development professionals that Raytheon selected
Richardson and CityLine because the new location supports a young, technical
workforce.
Foley indicated that the Richardson campus will become an engineering hub for Raytheon in DFW. The ISS operation is growing with its focus on cyber security. Headquarters for ISS, one of four main business units, will remain in Dulles, Virginia.
Raytheon surveyed its
employees and discovered that the center point of all the employees’ homes was
only a couple blocks east of CityLine in
the culture of the Defense and Aerospace industry, says Foley.
In addition to workforce, the Dallas Area Rapid Transit
(DART) Bush Turnpike Station was a key factor in selecting a new home.
Raytheon plans to begin occupying the new facility by late
2015 or early 2016 as construction is completed. The building is planned
to be LEED Silver Certified.
Growth & Mobility is a bi-monthly Richardson Chamber of
Commerce luncheon that features speakers pertaining to new business and
transportation updates in
The lunch is held at the Chamber and is open to members only.