Defense contractors United Technologies and Raytheon are reportedly in advanced talks to merge
Defense contractor Raytheon is reportedly in advanced talks to merge with United Technologies, according to a report in The Wall Street Journal. The deal could be announced as early as Monday.
Late last year, the WSJ reported that United Technologies was planning to split itself into three separate companies by 2020, selling off Otis Elevators and Carrier divisions in an effort to sharpen its focus in specific industries. These latest merger talks won’t impact those plans, and the paper says that the new company would be worth more than $100 billion, second only to Boeing.
Raytheon is a major US defense contractor that produces an array of products for the military — communication and sensor systems for airplanes and satellites,…