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Raytheon Emirates Signs Lease with Mubadala for new UAE Headquarters in Abu Dhabi

Raytheon Emirates, a wholly owned subsidiary of Raytheon Company (NYSE: RTN), announced today that it has authorized a long-term lease with Mubadala Investment Company (Mubadala), establishing its new UAE head office at Abu Dhabi Global Market Square. Located in Al Maqam Tower, the new location will certainly be nearly 1,837 square meters once it is completed and ready for occupancy later on this year.

" The lease arrangement with Mubadala for our new head office better strengthens Raytheon Emirates' long-lasting commitment to bringing worth and diversification to the UAE economy and offering increased native ability for products, systems and options for the UAE Army and industrial customers throughout the region," said John Brauneis, chief executive of Raytheon Emirates. "We significantly worth our partnership with Mubadala in securing a prime place for Raytheon Emirates to operate and contribute to the flourishing business in Abu Dhabi."

The lease provides for some versatility for future growth of Raytheon Emirates' head office.

Ali Eid Al-Mheiri, executive director of the Real Estate and Infrastructure division at Mubadala, commented, "We are honored to welcome Raytheon to ADGM Square where they will find their UAE headquarters. ADGM Square flaunts an expanding number of industry leaders, further developing Al Maryah Island as Abu Dhabi's premier business center. As our partners, we anticipate sustaining their procedures and growth through our world-class property offering."

With the outfitting of its new head office underway, Raytheon Emirates will certainly transform its focus to leveraging Raytheon's proven processes, society and dedication to human capital growth, supplier development, and modern technology development, and ending up being the most relied on UAE defense partner establishing Emirati knowledge-based leaders and high worth innovative remedies that offer sovereign capabilities.

About ADGM Square

Abu Dhabi Global Market Square is the commercial heart of Al Maryah Island and home to the headquarters of Abu Dhabi Global Market, the world's most recent worldwide financial facility. It includes four Quality A commercial towers, developed to the best, sustainability and capability guidelines. The towers were the initial structures in the UAE to be awarded the respected LEED for Core and Shell Gold Pre-Certification by the United States Green Building Council.

Each of the four office towers is connected with cool walkways to The Shopping center on Al Maryah Island, a premium buying and eating location. The Shopping center offers employees in the office overlook 40 food and beverage outlets and a substantial variety of purchasing options, making Al Maryah Island among the most convenient workplaces for international business and Abu Dhabi residents

Regarding Raytheon Emirates

Raytheon Emirates, headquartered in Abu Dhabi, was incorporated in the UAE in 2017 as a wholly had subsidiary of Raytheon Company. Raytheon Emirates is at first focusing on four business locations: cybersecurity, effects, air & rocket protection, and progressed technology. In its initial year of operation, Raytheon Emirates is growing a local workforce to include UAE nationwide technical talent and Emirati executive leadership.

About Raytheon

Raytheon Company, with 2017 sales of $25 billion and 64,000 workers, is a technology and innovation leader focusing on defense, civil government and cybersecurity options. With a history of innovation extending 96 years, Raytheon gives state-of-the-art electronics, objective systems assimilation, C5ITM services and products, noticing, effects, and mission support for customers in more than 80 nations. Raytheon is headquartered in Waltham, Mass. Follow us on Twitter

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