OFFICE OF GOVERNOR BOB RILEY
FOR IMMEDIATE RELEASE: JULY 19, 2010
FARNBOROUGH, U.K. – Last week, Governor Bob Riley said he would be traveling to the Farnborough International Air Show to work on an agreement with an aerospace company that could bring several hundred new jobs to Alabama.
That agreement was reached and on Monday, Governor Riley, the president of Raytheon Company’s Missile Systems division and Senator Richard Shelby announced from Farnborough that Raytheon will build a missile production facility on Redstone Arsenal and create 300 new jobs.
The 70,000 square-foot production facility will be constructed in two phases. Groundbreaking is expected later this year.
“This new Raytheon factory means more jobs for Alabama and is a clear demonstration of Raytheon’s strong partnership with the state,” said Governor Riley. “This is a big win for Alabama, not only because of the high-paying jobs this project brings, but also because aerospace is such an important growth industry for the future. Raytheon and aerospace continue to be important pieces of Alabama’s economic picture.”
According to the project agreement with the state, the average annual base wage will be $60,000.
Raytheon is a known presence in Alabama. The company already employs about 600 in the Huntsville area.
When completed, the new production facility will provide final assembly and testing for Standard Missile-3 and Standard Missile-6. SM-3 production is expected to increase substantially in the next ten years, and SM-6 production is expected to begin in 2010.
“Raytheon’s SM-3 is the centerpiece of the nation’s new missile defense strategy, and SM-6 will give the U.S. Navy a new, much-needed weapon system,” said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. “Together with Alabama, Raytheon will use this factory to deliver even more capability to the Missile Defense Agency and U.S. Navy customers.”
SM-3 is being developed as part of the Missile Defense Agency’s sea-based Aegis Ballistic Missile Defense system. The missiles are deployed on U.S. Navy cruisers and destroyers and Japanese destroyers to defend against short- to intermediate-range ballistic missile threats in the ascent and midcourse phases of flight.
SM-6 is an extended range anti-air warfare missile. Fired from navy ships, SM-6 provides over-the-horizon capabilities against fixed- and rotary-wing aircraft, unmanned aerial vehicles and cruise missiles.
“We are proud of the role that Alabama plays in defending the nation,” said U.S. Senator Richard Shelby of Alabama. “We welcome this new factory and the increased presence of Raytheon in our state.”
Governor Riley, Senator Shelby and Dr. Lawrence made the announcement Monday from the Farnborough International Air Show, an international aerospace exhibition held every two years outside London. Governor Riley announced last week he would be traveling to the air show to work on an agreement to bring new aerospace jobs to Alabama and to meet with leaders of other aviation and aerospace companies.
Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 75,000 people worldwide.
Monday’s announcement of 300 new jobs comes just a few days after Governor Riley and local leaders in Montgomery announced Hyundai Heavy Industries will locate its first American manufacturing plant in Alabama. That project will create 480 new jobs. Hyundai Heavy Industries will produce large power transformers.
FARNBOROUGH, U.K. – An artist rendering provided by Raytheon Company shows the new missile facility the company will be building at Redstone Arsenal in Huntsville. Groundbreaking is expected for later this year on the project that will create 300 new jobs, said Governor Bob Riley. Governor Riley, Senator Richard Shelby and Raytheon Missile Systems President Dr. Taylor W. Lawrence announced Alabama had won the new economic development project at a news conference on Monday at the Farnborough International Air Show outside London.
Visit http://governorpress.alabama.gov/pr/pr-2010-07-19-01-ALNewMissileProductionFac.asp for more details about the announcement.