News-Sentinel.com Your Town. Your Voice.
This Weeks Deal
Lush Hair Artistry
Half-Off  partial hi-light with Jennifer at Lush Hair Artistry ($90 value)
This Week Only
$45
50% off
Local Business Search
Stock Summary
Dow16408.54-16.31
Nasdaq4095.529.29
S&P 5001864.852.54
AEP51.73-0.77
Comcast49.10-0.07
GE26.560.44
ITT Exelis18.780.18
LNC48.070.44
Navistar34.00-0.79
Raytheon100.131.1
SDI18.00-0.9
Verizon47.600.5

No word yet on impact of Raytheon realignment in Fort Wayne

Tuesday, April 2, 2013 - 7:32 am

A division of Raytheon with operations in Fort Wayne disappeared Monday, but there’s no word yet on how the “realignment” of the company might affect employment or future prospects of the local operation.

In a news release last week, the company said it would organize its work in four business areas, three of which will be Integrated Defense Systems, Missile Systems and Space and Airborne Systems, “each of which will be expanded by the realignment of the former Network Centric Systems.” Network Centric Systems is the unit that the Fort Wayne facility is part of. The reorganization took effect Monday.

The company said it expects to eliminate about 200 jobs in the course of the reorganization. Although it expects to save about $85 million a year through the reorganization, the company did not change its projections for revenue and earnings for 2013.

In 2012, Raytheon employed 950 in Fort Wayne, according to the Community Research Institute at IPFW. The company as a whole employed about 71,000 at the end of 2011, according to its annual report.

As of early Monday evening, representatives of Raytheon had not elaborated on the potential impact of these changes in Fort Wayne. However, the company is still looking to fill positions here. On Monday, the Raytheon website showed nine openings, from internships to engineering jobs, in Fort Wayne.

According to Raytheon’s 2011 annual report, Network Centric Systems, headquartered in McKinney, Texas, supplied an array of products for military communications, imaging and security.