By David Shepardson
WASHINGTON (Reuters) -Raytheon Technologies Corp said on Tuesday it is moving its headquarters to Arlington, Virginia, saying it will boost its efforts to serve U.S. government and commercial aerospace customers.
The Waltham, Massachusetts-based aerospace and defense company said it had not accepted or sought any financial incentives for the move to near the U.S. capital and the Pentagon.
Raytheon (NYSE:RTN), which plans to make the move in the third quarter, currently employs about 130 corporate staff in Arlington and does not expect that number to change significantly, a spokesman said. The move will not impact its Massachusetts facilities, he added.
Last month, Boeing (NYSE:BA) Co said it was moving its headquarters to Arlington from Chicago.
Boeing also plans to develop a research and technology hub in the Arlington area.
"The region makes strategic sense for our global headquarters given its proximity to our customers and stakeholders, and its access to world-class engineering and technical talent," Boeing Chief Executive Dave Calhoun said last month.
Raytheon and Boeing are joining other major U.S. defense contractors that are headquartered in the Washington area, including Lockheed Martin (NYSE:LMT) in nearby Bethesda, Maryland and Northrop Grumman (NYSE:NOC) in Falls Church, Virginia.
Raytheon's new global headquarters office will be in Arlington's Rosslyn neighborhood alongside the Raytheon Intelligence and Space business, the company said.
Raytheon also owns Collins Aerospace and Pratt & Whitney. The company was formed in 2020 through the merger of Raytheon and United Technologies Corp (NYSE:RTX)'s aerospace businesses.