Raytheon, UTC Aerospace Businesses To Combine Into $74 Billion Aerospace And Defense Company

摘要

After news of their potential merger leaked on Saturday, Raytheon [RTN] and United Technologies Corp. [UTX] announced on Sunday that UTC’s aerospace business and Raytheon will merger to create a $73.6 billion aerospace defense business that is a leader in defense electronics, weapons systems, cyber security, engines for military and commercial aircraft, air traffic management, military radios, a wide range of aircraft avionics systems, position, navigation and timing systems, and more. Under terms of the all-stock transaction, UTC shareholders will own a 57 percent stake in the new Raytheon Technologies and Raytheon shareholders will hold a 43 percent share of the company. The deal is expected to close in the first half of 2020 and the companies don’t foresee any impact on the planned divestiture by UTC of its Otis and Carrier segments, which remain on track for their respective separations in the first half of 2020 as well.