Analysts say coronavirus proves out thesis of Raytheon-UTC deal

By Marjorie Censer / April 9, 2020 at 2:30 PM
The long-anticipated merger between Raytheon and United Technologies closed last week, just as the coronavirus outbreak began to take a major toll on the U.S. economy. But the new chief executive as well as industry analysts say the emerging crisis demonstrates the strengths of the deal. In an interview on CNBC last week, Greg Hayes, the former UTC CEO who is now leading Raytheon Technologies, said he "can't think of a better time to be coming together with Raytheon and...

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