Raytheon Moves Headquarters From El Segundo

In what is not a surprise for Southern California's shift away from the industry, defense contractor Raytheon said Thursday that it is shutting down its business headquarters locations in El Segundo, and moving its Space and Airborne Systems (SAS) business headquarters to McKinney, Texas. Raytheon said the move is part of an effort to streamline operations, increase productivity, and to "achieve stronger alignment" with its customers.