Raytheon Missile Systems announced it plans to hire 1,000 new employees over the next three years at its facility in Tucson.
Raytheon Company, with 2018 sales of $27 billion and 67,000 employees, specializes in defense, civil government and cybersecurity products.
According to a new study conducted by Arizona State University’s Seidman Institute, Raytheon has a $2.6 billion a year economic impact on Arizona. The study shows Raytheon’s annual impact across Arizona has grown by more than $500 million in the last three years.
“Raytheon’s continued growth in Arizona is having a substantial, positive effect around the state,” said Wes Kremer, Raytheon Missile Systems president. “With nearly 13,000 employees now working in Arizona and a strong, statewide network of over 500 suppliers, the company provides a significant boost to Arizona’s economy.”