Raytheon, United Technologies Merger Will Create A New Aerospace Giant
The new defense and aerospace company would be second only to Boeing in the U.S., according to the most recent Forbes revenue rankings.
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 new company's name will be Raytheon Technologies Corp. — and it's expected to have nearly $74 billion in annual sales.
The new defense and in revenue while another rival, Lockheed Martin, racked up $53.7 billion, according to .
