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Raytheon Technologies announced Tuesday that it will move its global headquarters to Arlington, Virginia, two years after merging with Farmington-based United Technologies Corp. and relocating from Connecticut.
The defense and aerospace company Raytheon Technologies was formed through the $180-billion merger between UTC and Raytheon in 2020.
The company is now based in Waltham, Massachusetts, and comprises four major businesses: Collins Aerospace, East Hartford-based Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. All four businesses currently have operations in Virginia.
The move “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 statement. “Washington, D.C. serves as a convenient travel hub for the company’s global customers and employees.”
Raytheon has 600 facilities across 44 U.S. states and territories, including Virginia, the company said.
The new global headquarters office will be in Arlington’s Rosslyn neighborhood alongside the Raytheon Intelligence & Space business, the company said.
Raytheon Technologies did not seek or obtain any financial incentives from states or municipalities to support the move of its headquarters to Virginia, it said.
Raytheon, a major arms and aircraft engine manufacturer, cut thousands of jobs and reduced its office space amid the pandemic.
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