June 12, 2019
Raytheon and United Technologies announced that the companies will merge in an all-stock deal. The merger would create a $100 billion enterprise between the United Technologies production of jet engines, cockpit controls and airplane seats and Raytheon’s missile, sensor, ISR, and command and control programs.
The new company, which would be known as Raytheon Technologies, will be based in the Boston metro area and is expected to be located nearby Raytheon’s current headquarters in Waltham.
If completed, shareholders of the Farmington, Conn.-based United Technologies would own 57% of the new company, while Raytheon shareholders would own 43%. The deal, which the companies have called a merger of equals, is expected to close in early 2020.
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