# United Technologies and Raytheon to merge, creating Raytheon Technologies

United Technologies Corp. and Raytheon Co. announced they will close their merger on April 3, 2020, creating Raytheon Technologies Corp. headquartered in Waltham, Mass. The all-stock deal values the combined company at $121 billion.

- Type: Acquisition
- Announced: 2020-03-31
- Where: Waltham, Massachusetts, United States
- Value: $121.0B
- Status: completed
- Products: propulsion systems, air traffic management, avionics, missiles, surveillance systems
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [United Technologies Corp.](https://endata.com/companies/937.md)
- [Otis](https://endata.com/companies/4143.md) (target)
- [Carrier Corp](https://endata.com/companies/5132.md) (target)
- [Raytheon](https://endata.com/companies/19863.md) (partner)
- [Raytheon](https://endata.com/companies/19863.md) (target)

## Sources

- [aviationpros.com](https://www.aviationpros.com/aircraft-maintenance-technology/aircraft-technology/defense/news/21131987/utc-no-more-merger-with-raytheon-set-for-friday-ending-45-year-old-conglomerate-headquartered-in-connecticut), 2020-03-31: "United Technologies Corp. and Raytheon Co. announced Monday they will close this week on their merger, creating Raytheon Technologies Corp. headquartered in Waltham, Mass."
- [sdmmag.com](https://www.sdmmag.com/articles/97813-utc-merges-with-raytheon-completes-spin-offs-of-carrier-and-otis), 2020-04-06: "Our decision to separate United Technologies is a pivotal moment in our history and will best position each independent company to drive sustained growth, lead its industry in innovation and customer focus, and maximize value creation."

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