Justice Department says Raytheon-UTC deal can proceed after three divestitures

By Marjorie Censer / March 27, 2020 at 9:17 AM
The Justice Department said Thursday that United Technologies and Raytheon must divest Raytheon's military airborne radios business, UTC's military global positioning systems and UTC's large space-based optical systems businesses to move forward with the companies' planned merger . "Without these divestitures, the merger would eliminate competition between two of the primary suppliers of military airborne radios and military GPS systems to the Department of Defense (DOD), and enable the merged firm to lessen competition for multiple components used in reconnaissance...

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