Raytheon unveils plan for new Texas facility

Raytheon said today it will build a 200,000-square-foot facility for 500 new jobs at its space and airborne systems headquarters in McKinney, TX.

The building is set for completion late next year.

"Raytheon's McKinney facility specializes in intelligence, surveillance and reconnaissance systems, including electro-optical manufacturing and the production of high-energy laser systems," the company said, noting it already has more than 3,000 employees in McKinney.