In 2018 there were eight mergers in defense
and aerospace exceeding $1 billion in
value, including an all-stock deal between
L3 Technologies and Harris, and General
Dynamics’ acquisition of CSRA Inc., according to
PricewaterhouseCoopers.
Raytheon Co., is based in Waltham,
Massachusetts. United Technologies Corp.,
based in Farmington, Connecticut. Raytheon
Technologies will be based near Boston.
Shares of Raytheon rose about 2% early this
week, a day after the deal was announced.
United Technologies fell 2%.