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Sun Jun 9, 2019, 11:42 PM

Aerospace Giants Raytheon, United Technologies Announce Merger

The deal would create an aerospace and defense behemoth second only to Boeing Co.

June 9, 2019, 10:29 PM EDT
By Alex Johnson

Raytheon Co., one of the world's largest defense contractors, and the aerospace giant United Technologies Corp. announced an all-stock merger on Sunday that would create the second-biggest defense and aerospace company in the United States, behind only Boeing Co.

In what they termed a "merger of equals," the companies said in a joint statement that the creation of Raytheon Technologies Corp. was approved unanimously by both companies' boards and was expected to close in the first half of 2020.

United Technologies Chief Executive Greg Hayes will be chief executive of the combined company, and Raytheon Chairman Thomas Kennedy will be chairman, they said.

Raytheon makes the Patriot missile-defense system and the Tomahawk cruise missile. United Technologies owns Pratt & Whitney Co., a leading manufacturer of jet engines for Boeing and Airbus Group Inc., as well as for Lockheed Martin Corp.'s F-35 "stealth" fighter.

The deal was described as the largest ever in the defense and aerospace industry, far eclipsing United Technologies' purchase of Rockwell Collins, a major maker of avionics and aircraft parts, for $30 billion in 2017.

more...

https://www.nbcnews.com/news/military/aerospace-giants-raytheon-united-technologies-announce-merger-n1015611

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Reply Aerospace Giants Raytheon, United Technologies Announce Merger (Original post)
RCW2014 Jun 2019 OP
TheShoe Jun 2019 #1
Grumpy Pickle Jun 2019 #2
uncledad Jun 2019 #3

Response to RCW2014 (Original post)

Sun Jun 9, 2019, 11:54 PM

1. Wow! And UTX allows Raytheon to enter a lot of different markets

I wonder if they bit off more than they can chew.

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Response to RCW2014 (Original post)

Mon Jun 10, 2019, 07:03 AM

2. Raytheon sounds like a bug spray....

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Response to RCW2014 (Original post)

Tue Jun 11, 2019, 05:17 PM

3. SKYNET is GO...

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