Advertisement
This is member-exclusive content
icon/ui/info filled

businessReal Estate

Raytheon plans $200 million expansion in McKinney

Expansion would add new buildings at aerospace and defense firm’s Colliin County campus.

Raytheon is growing its already substantial presence in McKinney.

Last September, Raytheon Technologies opened a 178,000-square-foot intelligent manufacturing facility at its McKinney campus.

At the time, the company promised to build an even larger second plant and lab by 2025.

Advertisement

The new phase was expected to generate 700 additional jobs at its McKinney site on University Drive.

D-FW Real Estate News

Get the latest news from Steve Brown and the business staff.

Or with:

Now Raytheon has filed plans with the state for a $216 million expansion of the campus.

The 478,469-square-foot expansion would include “construction of a seven-story high-rise and manufacturing facility,” according to the state filings.

Advertisement

The new buildings are scheduled to open late next year and were designed by Dallas architect Corgan.

The aerospace and defense contractor has more than 3,600 workers in Collin County and operates additional facilities in Plano, Richardson and Dallas.

The $100 million McKinney plant that opened last year was expected to add 500 jobs.

Advertisement

When Raytheon first announced its McKinney expansion in 2019, the company said it would be dedicated to high-tech manufacturing and described the facility as a “factory of the future.”

“Our new advanced integration and manufacturing center and plans for greater expansion reflect a deliberate strategy to transform ourselves by investing in new digital capabilities,” Roy Azevedo, president of Raytheon’s intelligence and space division, said at the plant opening last September.

The company contributes more than $2.5 billion to the Collin County economy, according to a study released by Raytheon.

Raytheon’s McKinney operations are for its space and airborne systems business, which produces sensor technology and electronic warfare systems.