Congressman Van Taylor joined Raytheon executives and employees as well as local and state officials in Collin County to celebrate the company's expansion of its Space and Airborne Systems headquarters in McKinney, Texas.
MCKINNEY - Today, United States Congressman Van Taylor (TX-03) joined Raytheon executives and employees as well as local and state officials in Collin County to celebrate the company's expansion of its Space and Airborne Systems headquarters in McKinney, Texas.
Construction on the 200,000 square foot facility, which will support 500 high-tech jobs, will be completed in late 2020.
The announcement comes on the heels of research from The University of North Texas Economic Research Group, which found Raytheon’s business operations in North Texas contribute $4.8 billion to the Texas economy. In 2018, Raytheon directly employed more than 8,000 Texans. Supply chain activity and employee spending supported an additional 10,000 jobs throughout the state.
Congressman Van Taylor stated, “Not only is Raytheon’s work in intelligence, surveillance, and reconnaissance systems critical to the defense and national security of our country, their investment in our community helps drive our economy. Today’s groundbreaking foreshadows Raytheon’s continued innovation in space and airborne systems as well as their growing presence as a job creator here in McKinney."
“This is an investment in the talented McKinney workforce,” said Roy Azevedo, president of Raytheon Space and Airborne Systems. “It shows we are serious about our presence in Texas and that we are here to stay."
Raytheon’s McKinney facility specializes in intelligence, surveillance, and reconnaissance systems, including electro-optical manufacturing and the production of high-energy laser systems.
“Raytheon has a significant presence in the Texas economy. When we examined employee wages and spending, supplier spending, tax revenues and other factors, we found Raytheon’s North Texas operations are a powerful economic engine," said Dr. Michael Carroll, Director of the Economic Research Group at the University of North Texas and author of the North Texas Economic Impact Study.
A 7th generation Texan, Congressman Van Taylor is a dedicated family man, successful businessman, and decorated Marine Officer. Taylor served Collin County both in the Texas House of Representatives and Texas Senate. Today, Taylor is proud to serve on the House Committee on Education and Labor as well as the House Committee on Homeland Security.