Benzinga | Sep 23, 2021 03:31PM EDT

Raytheon Intelligence & Space Expands Footprint In North Texas

* Raytheon Technologies Corp's (NYSE:RTX) Raytheon Intelligence & Space (RI&S) opened a new intelligent manufacturing facility outside Dallas.

* Additionally, the company also plans to build a new facility as part of the company's real estate modernization and consolidation efforts.

* RI&S opened a new 178,000 square-foot Advanced Integration and Manufacturing Center at its McKinney, Texas location. The center results from a $100 million investment from the McKinney Economic Development Corporation that included a commitment to generate 500 skilled jobs.

* RI&S unveiled its latest investment to build a 400,000-square-foot factory, lab, and office space at its McKinney campus to open by 2025. The larger, consolidated modern manufacturing operation in McKinney will allow RI&S to develop, build, test, and deliver more advanced technology and generate another 700 jobs.

* RI&S will also outfit a new 250,000 square-foot leased facility in North Texas to house technology programs.

* Price Action: RTX shares are trading higher by 1.74% at $86.76 on the last check on Thursday.