Raytheon, United Technologies to merge in all-stock deal

June 9, 2019 at 8:20 PM
Raytheon and United Technologies announced today they have agreed to combine in an all-stock “merger of equals” to create a new company dubbed Raytheon Technologies. The deal excludes Otis and Carrier, which were already set to be spun off from United Technologies next year. The remaining United Technologies is comprised of Collins Aerospace and Pratt & Whitney. The combined company will have about $74 billion in 2019 sales, according to the two. The two companies said the combination would offer...

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