United Technologies Corp (UTC) plans to acquire Raytheon Company and combine its aerospace business with Raytheon to create an enormous company expected to be worth $120 billion—the largest merger to take place to date within the aerospace sector. The deal was announced on Sunday.
United Technologies To Acquire Raytheon In Massive Aero Merger
Key Takeaways:
- United Technologies Corp (UTC) plans to acquire Raytheon Company, merging their aerospace businesses to create Raytheon Technologies Corp, an estimated $120 billion entity and the largest merger in the aerospace sector.
- The new company will combine UTC's commercial aircraft component expertise with Raytheon's defense and government contracting focus, following UTC's spin-off of its Carrier and Otis business units to concentrate solely on aerospace.
- The merger is subject to significant antitrust review by U.S. regulators for potential monopolies, with competitors like Boeing expected to express concerns over reduced competition among major suppliers.
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