Guv Brown press releases and speech tell about the California recovery.  The facts tell a different story.  Raytheon is moving the headquarters of its Space and Airborne Systems from the Los Angeles area, to North Dallas.  The average wage of the HQ staff moving is $250,000.  That means these folks, by moving to Texas get a pay raise of over $20,000 without the company having to spend an extra dime!  The kids will get a great education and the kids, when they want to work will not be forced to pay bribes to work—Texas State law.

“In a written statement, Gov. Rick Perry said the relocation to Texas from California was further proof the state’s highly-skilled and competitive workforce will continue to attract technology companies large and small, such as Raytheon’s business unit.

Along with the move, a number of employees from a Garland Raytheon office will move to McKinney, Desilets said. He was unable to share the number of employees moving within North Texas.”

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Raytheon moving California HQ to McKinney

Raytheon plans to move one of its four business units headquarters from California to McKinney, where the company already has operations.

Candace Carlisle, Dallas Business Journal, 5/3/13

Raytheon Co. (NYSE: RTN) plans to move the headquarters of a $6 billion business unit from El Segundo, Calif. to McKinney, the company said Thursday.

Raytheon’s Space and Airborne Systems, one of the company’s four business units, will move in an effort to streamline operations, increase productivity and achieve stronger alignment with its customers’ priorities. The Waltham, Mass.-based electronics, mission systems and defense technology parent company already has a presence in McKinney.

The move will bring jobs to North Texas, said Dave Desilets, a Raytheon spokesman. However, he was unable to provide details on the number of jobs.

“The number of headquarters staff is relatively small when you compare it with our existing employees (in North Texas),” Desilets said.

In North Texas, Raytheon has 8,000 employees.

Real estate sources say the move will bring about 170 jobs, which have an average salary of $250,000.

In a written statement, Gov. Rick Perry said the relocation to Texas from California was further proof the state’s highly-skilled and competitive workforce will continue to attract technology companies large and small, such as Raytheon’s business unit.

Along with the move, a number of employees from a Garland Raytheon office will move to McKinney, Desilets said. He was unable to share the number of employees moving within North Texas.

Last year, real estate sources said Raytheon was considering a massive consolidation in Richardson. That consolidation is still on the table, the sources say.

Other large companies are also choosing to consolidate in Richardson. State Farm Insurance consolidated its business into a large regional hub in Richardson.

In another move, Raytheon plans to establish its newly formed Intelligence, Information and Services business headquarters at the company’s existing Dulles, Va. office, with hub operations in Sterling, Va.

 

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