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Trump Signals Concerns With Raytheon, UTC Mergers But Companies Don’t See Regulatory Hurdles

Cal Biesecker By
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Trump Signals Concerns With Raytheon, UTC Mergers But Companies Don’t See Regulatory Hurdles
Raytheon and United Technologies say their merger will create a host of technology synergies, including in hypersonics, which will benefit their defense and commercial customers. Artist rendering: Raytheon

President Trump on Monday morning in an interview on CNBC raised anti-competitive concerns with the proposed merger between United Technologies Corp. [UTX] and Raytheon [RTN], but company executives said on an investor call there is barely any overlap in their portfolios and foresee relatively swift regulatory approvals. “When I hear they’re merging, does that take away more competition,” Trump asked on CNBC’s “Squawk Box” before the opening of the markets on Monday morning. “It becomes one big fat beautiful company…

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