# Raytheon and United Technologies to merge in $74B deal

Raytheon and United Technologies agreed to an all-stock merger of equals, creating Raytheon Technologies Corporation with pro forma 2019 sales of approximately $74 billion. The merger is expected to close in the first half of 2020.

- Type: Acquisition
- Announced: 2019-06-09
- Where: United States
- Value: $121.0B
- Status: announced
- Products: aerospace and defense technologies
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [United Technologies Corp.](https://endata.com/companies/937.md)
- [Raytheon](https://endata.com/companies/19863.md)
- [United Technologies Corp.](https://endata.com/companies/937.md) (target)
- [Raytheon](https://endata.com/companies/19863.md) (acquirer)
- [Raytheon](https://endata.com/companies/19863.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/101829/000114036119010707/nc10002163x1_ex99-1.htm), 2019-06-09: "The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defense."
- [prnewswire.com](https://www.prnewswire.com/news-releases/raytheon-and-united-technologies-aerospace-businesses-to-combine-in-merger-of-equals-300864268.html), 2019-06-09: "Raytheon Company and United Technologies Corp. have entered into an agreement to combine in an all-stock merger of equals."
- [investing.com](https://www.investing.com/news/stock-market-news/raytheon-and-united-technologies-to-merge-aerospace-businesses-1892593), 2019-06-10: "United Technologies Corp agreed on Sunday to combine its aerospace business with U.S. contractor Raytheon Co and create a new company worth about $121 billion."
- [reuters.com](https://www.reuters.com/article/us-utc-m-a-raytheon/raytheon-united-technologies-merge-into-74-billion-aerospace-giant-idUSKCN1TA0S6/?feedName=businessNews&feedType=RSS), 2019-06-10: "United Technologies Corp agreed on Sunday to combine its aerospace business with U.S. contractor Raytheon Co and create a new company worth about $121 billion, in what would be the sector's biggest ever merger."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.