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Title : Raytheon And United Technologies Agree To Merge Forming One Of The World's Largest Aerospace And Defense Companies
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Raytheon And United Technologies Agree To Merge Forming One Of The World's Largest Aerospace And Defense Companies

Zero Hedge: Military-Industrial Blockbuster: United Technologies To Buy Raytheon, Creating One Of World's Largest Defense Firms

United Technologies has agreed to buy Raytheon in an all stock deal, forming one of the world's largest aerospace and defense companies with more than $74 billion in revenue and $13.5 billion in EBITDA, through one of the industry’s biggest deals ever.

In a statement release on Sunday afternoon, the new entity will be called Raytheon Technologies Corp., the companies said. The combination, which is being presented as a merger of equals, will take place in the first half of 2020 after United Technologies’ planned spinoff of its Otis elevator and Carrier air-conditioner businesses.

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More News On Raytheon And United Technologies Agreeing To Merge

United Technologies nears deal to merge aerospace unit with Raytheon -source -- Reuters
United Technologies and Raytheon agree to merge -- USA Today
Raytheon and United Technologies agree to all-stock merger that would create aerospace behemoth -- CNBC
Raytheon, United Technologies agree to blockbuster defense deal -- The Boston Globe

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