FARMINGTON, N.M., Oct. 7, 2014 /PRNewswire/ -- With the simultaneous turning of multiple shovels, political, tribal and business leaders broke ground for Raytheon Company's (NYSE: RTN) new warehouse on the Navajo Nation near Farmington. Once completed, the 30,000 square foot warehouse at the Raytheon Dine Facility will house all inbound materials and completed projects.
"Raytheon values its long-standing relationship with the Navajo Nation," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "The important work done here at Dine provides jobs on the Navajo Nation and helps to preserve freedom around the globe."
Production work at Dine centers on mechanical and electro-mechanical assembly as well as cabling for numerous defense products. The new warehouse will enable Raytheon to increase production efficiency, while reducing risk to materials and products. Design of the new building was funded by the State of New Mexico. The Navajo Nation is funding building construction and will lease it to Raytheon.
"The Navajo Nation has a long and proud tradition of supporting America's warfighters," said Ben Shelly Navajo Nation president. "The partnership between Raytheon and the Navajo Nation is a strong one, and this new warehouse is further evidence of that."
Construction on the $4.4 million warehouse is expected to begin by December with completion scheduled for June 2015. Raytheon expects to be fully moved into the new building by September of 2015.
During the groundbreaking event, Raytheon also celebrated 25 years at Dine. The company held an open house for employee families and staged a math and science learning event for Navajo students.
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.
John B. Patterson
SOURCE Raytheon Company