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Business/Financial

Raytheon, UTC Aerospace Businesses To Combine Into $74 Billion Aerospace And Defense Company

By Cal Biesecker

Sunday, June 9th, 2019

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Raytheon, UTC Aerospace Businesses To Combine Into $74 Billion Aerospace And Defense Company

Raytheon Technologies Chairman and CEO Greg Hayes. Photo: Raytheon Technologies

After news of their potential merger leaked on Saturday, Raytheon [RTN] and United Technologies Corp. [UTX] announced on Sunday that UTC’s aerospace business and Raytheon will merger to create a $73.6 billion aerospace defense business that is a leader in defense electronics, weapons systems, cyber security, engines for military and commercial aircraft, air traffic management, military radios, a wide range of aircraft avionics systems, position, navigation and timing systems, and more. Under terms of the all-stock transaction, UTC shareholders will…

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