The seller was Northrop Grumman.

The building will accommodate as many as 250 software developers, engineers, scientists and support personnel. Raytheon was awarded several recent government contracts that require its Aurora facility to accommodate hiring upwards of 200 additional systems and software engineers by the end of 2003.

Bob Whittlesey of Colliers Bennett & Kahnweiler represented Raytheon.

Raytheon has already hired 100 engineers in the first four months of 2003 in anticipation of expanded facilities and additional contracts. More than one quarter of those hires are recent graduates of Colorado colleges and universities.

Among the programs fueling Raytheon's growth is the National Polar-orbiting Operational Environmental Satellite System, the nation's next generation environmental satellite program. Classified programs make up the balance of the company's Aurora-based growth.

Raytheon is Aurora's largest private employer with more than 1,950 engineers, technical professionals and support staff.

The company develops and deploys information and data management systems that command and control satellites, manage space-based assets and facilitate global communication. This Colorado business site has many customers, including NASA and other U.S. federal agencies, satellite manufacturers, international commercial communications satellite operators, and commercial e-business clients.

"Business growth dictates whether we continue to expand our campus. We were fortunate to acquire office space nearby in Aurora to round out our existing facilities, " says Ray Kolibaba, VP and site executive for the Raytheon Aurora Campus. "The proximity of the building allows employees to take advantage of the campus amenities and associated collaborative work environment."

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