
BAE Systems on Thursday said it is investing more than $100 million in a new “state-of-the-art facility” to house its Iowa-based military GPS business it acquired from Raytheon Technologies [RTX] in July, with plans to open the facility in 2022. The 278,000 square foot building in Cedar Rapids will include a build-to-suit factory and research and development center, several hundred offices, workstations and flexible work space, and classified and unclassified labs. The facility can also accommodate the addition of 50,000…