INDIANAPOLIS — Raytheon, a technology and innovation leader specializing in defense, security and civil markets, recently announced the company’s plans to expand its operations here, creating 250 new jobs over the next few years. The addition is Raytheon’s largest workforce expansion since the company took over the site in 1998. Work at the historic facility, which was formerly the Indianapolis Naval Ordnance plant, will focus on areas of depot support, including modernizing and upgrading the capabilities of military platforms, systems engineering and systems installation. The facility, which already employs 1,000 Hoosiers, also develops leading-edge soldier-worn computers and provides weapons system sustainment, supply chain management and systems engineering among other services to commercial and military customers.
The Indiana Economic Development Corporation (IEDC) offered Raytheon up to $4,400,000 in conditional tax credits and up to $400,000 in training grants based on the company’s investment and job creation plans of up to 349 new jobs by 2020. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.