Massachusetts-based Raytheon Co. (NYSE: RTN) will Thursday celebrate the completion of renovations to its Indianapolis facility. The company announced the multi-million dollar project in March 2015, saying it would bring 250 new jobs to the city.
Raytheon says the renovations include a rejuvenated facade, new lobby entrance and physical security features, modernized employee collaboration areas and updated workspaces. The company says the goal of the project was to "streamline work on important military programs," including depot services, manufacturing, engineering development and production.
"This facility in Indiana has a rich legacy within the community and a successful history, generating innovative technologies that have provided our military with the products they need to be successful," said Dave Wajsgras, president of Raytheon Intelligence, Information and Services. "I look forward to standing side by side with members of the state and local community to re-dedicate this site and mark the beginning of a new chapter in the history of our Indy facility."
Indianapolis Mayor Joe Hogsett and Indiana Secretary of Commerce Victor Smith will be on hand for the ribbon cutting and re-dedication ceremony, which is scheduled for 11:30 a.m.