Raytheon has agreed to a merger deal with United Technologies (UT) to create a company serving the aerospace and defence industries. The CEO of United Technologies Corp. touted what he says are the financial advantages of a planned merger with Waltham-based Raytheon Co. in upcoming years, appearing to … The all-stock merger will create a premier systems provider with expanded technology, research and development (R&D) capabilities to deliver innovative and cost-effective solutions. Roy Azevedo was appointed president of Raytheon SAS in 2018. What the United Technologies Merger With Raytheon Means for Defense. The business is a leader in the design, development and manufacture of integrated sensor and communication systems for advanced missions. The merger is expected to be completed in the first half of 2020, providing UT finalizes Otis and Carrier separation by the time.

The new company's name will be Raytheon … On Sunday evening, United Technologies and Raytheon confirmed they had reached a merger agreement valued at more than $100 billion, sending shares of UTC up 5 percent in the overnight hours to $138, only for the stock to fade to $128.01 after at the close of trading Monday. Approximately 57% of its shares will belong to United Technologies shareowners, with the remaining approximately 43% to Raytheon shareowners.

A spokesman for Raytheon Co. and United Technologies Corp. said fewer than 100 employees will relocate to Raytheon’s Waltham headquarters after the merger … Raytheon shares were up slightly to nearly $187.19 on the day. The Raytheon Co. and United Technologies Corp. are merging in an all-stock deal that the two companies say is a merger of equals. The merged company will be called Raytheon Technologies Corporation. United Technologies: Raytheon Merger Is a Long-Term Value Creator Uncertainties on merger synergies for UTX stock represent a prime buying …