• Raytheon and United Technologies have merged into Raytheon Technologies.
@UTC
    Raytheon and United Technologies have merged into Raytheon Technologies. @UTC
Close×

Raytheon announced the successful completion of the all-stock ‘merger of equals’ transaction between itself and United Technologies Corporation on April 3.

The announcement followed the completion by United Technologies of its previously announced spin-offs of its Carrier and Otis businesses.

Upon closing of the merger, United Technologies’ name has changed to Raytheon Technologies Corporation.

Raytheon Technologies expects to introduce technologies in the areas of hypersonics, directed energy, avionics and cybersecurity.

"Raytheon Technologies brings together two companies with combined strengths and capabilities that make us uniquely equipped to support our customers and partners during this unprecedented time,” Greg Hayes, CEO of Raytheon Technologies, said. “We will also play our part in the war on the COVID-19 pandemic, including doing everything we can to keep our employees around the globe safe and well."

"Today, we introduce Raytheon Technologies as an innovation powerhouse that will deliver advanced technologies that push the boundaries of known science," Tom Kennedy, Executive Chairman of Raytheon Technologies, said.

Raytheon Technologies has four segments: Collins Aerospace Systems, which specializes in aerostructures, avionics, interiors, mechanical systems, mission systems and power controls; Pratt & Whitney, which designs, manufactures and services the world’s most advanced aircraft engines and auxiliary power systems; Raytheon Intelligence & Space, which specializes in developing advanced sensors, training, and cyber and software solutions; and Raytheon Missiles & Defense.

comments powered by Disqus