Raytheon and United Technologies announce $121bn merger
Trump says he’s a ‘little concerned’ about the deal and wants ‘to see that we don’t hurt our competition’
United Technologies and defense contractor Raytheon have agreed a $121bn merger that will create the world’s second-largest defense contractor.
The new company, to be called Raytheon Technologies, which will make Tomahawk missiles, the F-35 fighter jet and space suits for astronauts among other items, would have sales of about $74bn in 2019. It will be the second largest defense contractor behind Boeing and ahead of Lockheed Martin.