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‘No Major Concerns’ with Forthcoming Raytheon-UTC Merger, Says DoD’s Lord

Vivienne Machi By
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‘No Major Concerns’ with Forthcoming Raytheon-UTC Merger, Says DoD’s Lord
Under Secretary of Defense for Acquisition and Sustainment Ellen M. Lord holds a press briefing to update media on acquisition, reform and innovation, at the Pentagon, Washington, D.C., Aug. 26, 2019. (DoD photo by U.S. Navy Petty Officer 2nd Class James K. Lee)

The Defense Department does not currently see any issues with the recently announced merger of Raytheon [RTN] and United Technologies Corp. [UTX], the undersecretary for acquisition and sustainment said Aug. 26. The two companies announced in June plans to consolidate Raytheon with UTC’s aerospace sector to create a $73.6 billion defense aerospace business by early next year (Defense Daily, June 9). Combined, the proposed Raytheon Technologies would become the second largest U.S. defense and aerospace firm behind Boeing [BA]. Since…

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