Last updated: May 30, 2008

In May 2007, Raytheon announced its intention to relocate from the 1501 72nd Street North facility to a newer, smaller and more modern facility in Largo. Since that time, the move has been ongoing and is now nearly compete. There are several reasons for this move. In addition to the efficiency gained from a more modern facility, operating costs were reduced when the overall size of the facility was cut in half. The new location, on Brian Dairy Road, provides engineering and manufacturing integration benefits as well as long-term growth opportunities. The facility was recently renovated and is in a no-evacuation zone for hurricane season, similar to the facility on 72nd Street North.

Raytheon is committed to making sure that it meets its obligations to the community and to the State. Raytheon will remain in its other St. Petersburg facility in the Azalea neighborhood. Raytheon will continue to act as a good corporate citizen and will continue to be pro-active in getting these issues resolved.

Q1. When did Raytheon decide to move the St. Petersburg facility to Largo?
A1. Parts of Raytheon’s facility at 1501 72nd Street North date back over 50 years. The facility’s use requirements have changed over the years from manufacturing and research and development to engineering. Over time, the facility became under-utilized and was not the right fit for our current need for engineering offices. An analysis of potential alternatives was performed, after which Raytheon decided to relocate to more efficient and suitable space. Raytheon will continue to maintain a presence across the street in the Azalea neighborhood.
Q2. What does the company intend to do with the contaminated St. Petersburg facility once it is vacated?
A2. The St. Petersburg facility will be marketed for sale; in fact, it is currently for sale. Raytheon will remain committed to completing the environmental work needed to comply with FDEP requirements.