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Raytheon, United Technologies announce merger

FILE PHOTO: Raytheon and United Technologies announced a merger Sunday in an all stock deal that would create the second largest aerospace and defense company in the country. (Photo: blockpixel/Pixabay)
FILE PHOTO: Raytheon and United Technologies announced a merger Sunday in an all stock deal that would create the second largest aerospace and defense company in the country. (Photo: blockpixel/Pixabay)
By Jared Leone, Cox Media Group National Content Desk
June 10, 2019

Raytheon and United Technologies announced a merger Sunday in an all-stock deal that would create the second largest aerospace and defense company in the country.

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The companies have combined annual sales of $74 billion.

United Technologies, which includes Collins Aerospace and Pratt & Whitney, makes jet engines, controls and seats. Raytheon is a large defense contractor.

The combined company will be called Raytheon Technologies. The merger is expected to close in the first half of 2020.

About the Author

Jared Leone, Cox Media Group National Content Desk
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