Raytheon Emirates, a wholly owned subsidiary of Raytheon Company (NYSE: RTN), announced today that it has signed a long-term lease with Mubadala Investment Company (Mubadala), establishing its new UAE headquarters at Abu Dhabi Global Market Square. Located in Al Maqam Tower, the new location will be nearly 1,837 square meters once it is completed and ready for occupancy later this year.
“The lease agreement with Mubadala for our new headquarters further solidifies Raytheon Emirates’ long-term commitment to bringing value and diversification to the UAE economy and providing increased indigenous capability for products, systems and solutions for the UAE Armed Forces and commercial customers throughout the region,” said John Brauneis, chief executive of Raytheon Emirates. “We greatly value our partnership with Mubadala in securing a prime location for Raytheon Emirates to operate and contribute to the thriving business in Abu Dhabi.”
The lease provides for some flexibility for future expansion of Raytheon Emirates’ headquarters.
Ali Eid Al-Mheiri, executive director of the Real Estate and Infrastructure division at Mubadala, commented, “We are proud to welcome Raytheon to ADGM Square where they will locate their UAE headquarters. ADGM Square boasts a growing number of industry leaders, further establishing Al Maryah Island as Abu Dhabi’s premier business hub. As our partners, we look forward to supporting their operations and growth through our world-class real estate offering.”
With the outfitting of its new headquarters underway, Raytheon Emirates will turn its focus to leveraging Raytheon’s proven processes, culture and commitment to human capital development, supplier development, and technology development, and becoming the most trusted UAE defense partner developing Emirati knowledge-based leaders and high value innovative solutions that provide sovereign capabilities.Email This Post