MILITARY-INDUSTRIAL BLOCKBUSTER: UNITED TECHNOLOGIES TO BUY RAYTHEON, CREATING ONE OF WORLD'S LARGEST DEFENSE FIRMS | WHAT REALLY HAPPENED

MILITARY-INDUSTRIAL BLOCKBUSTER: UNITED TECHNOLOGIES TO BUY RAYTHEON, CREATING ONE OF WORLD'S LARGEST DEFENSE FIRMS

SOURCE: ZERO HEDGE
United Technologies has agreed to buy Raytheon in an all stock deal, forming one of the world's largest aerospace and defense companies with more than $74 billion in revenue and $13.5 billion in EBITDA, through one of the industry’s biggest deals ever.

In a statement release on Sunday afternoon, the new entity will be called Raytheon Technologies Corp., the companies said. The combination, which is being presented as a merger of equals, will take place in the first half of 2020 after United Technologies’ planned spinoff of its Otis elevator and Carrier air-conditioner businesses.

Webmaster's Commentary: 

This is going to be huge, and will have an incredible impact on US defense, in the future, if the deal is allowed to move forward.

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