USNews
TUCSON, ARIZ. (AP) — Raytheon, the largest employer of Southern Arizona, has chosen Tucson for the headquarters of a new missiles and defense unit.
Raytheon Missile Systems’ parent company is finalizing a merger with United Technologies Corp., the Arizona Daily Star reported Monday.
John Patterson, a Raytheon spokesman, said the new consolidated business will be named Raytheon Missiles & Defense and Raytheon Intelligence & Space. Missiles & Defense will be rooted in Tucson. Intelligence & Space will be based in Arlington, Virginia.
The merger is expected to receive federal anti-trust approval. The joint venture could bring in as much as $74 billion in annual revenues, making it second only to Boeing in the aerospace and defense industry, experts said.
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