The new facilities will serve as Raytheon's Missile Defense Center and the company will begin occupying the facilities in March 2004. Approximately 1,100 engineers and administrative personnel will move into the facility over the next year from an existing Raytheon facility in Bedford. The two buildings in Woburn, which are owned by National Development, were originally developed for Genuity Inc. nearly three years ago, but the company went under shortly after moving in.

Steve Brecken, spokesperson for Raytheon, tells GlobeSt.com that National Development is buying Raytheon's nearly 400,000-sf Bedford facility for further development. Raytheon, headquartered in Tewksbury, focuses on mission systems integration.

"Our growth as a business and our existing limited office space have made this move a necessity," says Dan Smith, Raytheon's president. "Establishing this center in Woburn will provide a state-of-the art, modern facility for our employees with improved access for our customers. It also reinforces our commitment to Massachusetts to remain a technology leader and good corporate citizen in the Commonwealth."