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United Technologies, Raytheon Plan To Merge

United Technologies is planning to combine its aerospace business with Raytheon. “If this all-stock merger goes through, it would be the latest example of consolidation within the military and aerospace industries, creating a new colossus built to thrive in boom times and weather leaner ones,” according to The New York Times. “The combined company — which will be called Raytheon Technologies — would have about $74 billion in expected sales for 2019."

Read the whole story at The New York Times »

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