Raytheon and United Technologies will join to
create a massive aerospace and defense company
in a sector that is already rapidly consolidating.
The combined company, which will count
among its portfolio of weaponry the F-35
fighter jet engines, Patriot and Tomahawk
missile systems in addition to space suits and
intelligence technology as well as Pratt &
Whitney engines used in both commercial and
military aircraft, anticipates annual revenue of
$74 billion if approved.
That means it still trails Boeing Co. in heft, but
the deal may give the soon to be renamed
Raytheon Technologies Corp. leverage
with suppliers and contractors over other
heavyweights in the industry like Lockheed
Martin Corp. and Northrop Grumman Corp.