Listen: United Technologies + Raytheon Creates An Aerospace And Defense Giant
"O'clock. You wonder what the impact is going to be with Raytheon's merger, right? Right beyond the massive US defense contractor best known for manufacturing, the patriot missile defense system as agreed to merge with industrial technology giant United Technologies in an all stock deal. The two companies announced over the weekend Newport daily news reporting the combined company would be the second largest US aerospace company behind Boeing, newly formed Raytheon technologies would be combined with United Collins aerospace, and Prenton Whitney, both leading producers of jet engines, and engine parts. It would not inherit United to carry us air conditioner business or it's Otis elevator company, both of which are being spun off under terms of an earlier deal. So in a phone interview, executives from both companies said the deal was driven by a desire to create a leading aerospace technology company using state of the art hardware from the defense and commercial aviation industries. But what about the people, the combined company when employees more than sixty thousand engineers would have. About thirty eight thousand active patents and whenever the financial firepower to invest as much as eight billion dollars each year in research and development. But as we all know any of us who have been caught in a merger or a sale heads"