WALTHAM, Mass. (WBZ NewsRadio) — Raytheon Technologies announced Tuesday that it will move its global headquarters from Waltham to Arlington, Va.
In a statement, the aerospace and defense contractor said the Arlington location "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." Raytheon also cited Washington D.C. as a convenient travel hub for employees and customers as a reason for the move.
The statement also said Raytheon "has not accepted or sought any financial incentives from any state or municipality to support the establishment of the global headquarters office in Virginia."
Raytheon spokesman Chris Johnson said the corporate address change will take place during the third quarter of the year, the company will keep its Waltham office, and there would be no reduction in the company's Massachusetts workforce.
Raytheon's four business units — Collins Aerospace, Pratt & Whitney, Intelligence & Space, and Missiles & Defense — currently have operations in Virginia.
Boeing announced last month that it would move its headquarters to Arlington; rival companies Lockheed Martin, General Dynamics, and Northrop Grumman also have their corporate headquarters in the D.C. area.