The defense and aerospace contractor plans to add another 249 workers to its existing work force of 912 in Indianapolis by the end of 2020. It also plans to invest about $26 million on the local expansion.
Gov. Mike Pence, Raytheon executives and officials for the Indiana Economic Economic Development Corp. have scheduled a Monday afternoon press conference at Raytheon Technical Service Co. LLC to officially announce the local expansion.
Gov. Mike Pence wants to create an $85.6 million fund to help metro areas improve their quality of life, a new kind of economic development strategy for a state that historically plays up low taxes and highway access.