The creation of Raytheon Technologies Corporation represents a significant milestone in the aerospace and defense industry. The company is now better equipped to drive technological advancements, innovation, and sustainable growth, benefiting its customers, employees, and shareholders.
Arlington, Virginia, Virgin Islands (US), 13th Jul 2023, King NewsWire – Raytheon Company (NYSE: RTN) and United Technologies Corporation (NYSE: UTX) are pleased to announce the successful completion of the all-stock merger of equals transaction on April 3, 2020. The combination of these two industry leaders has created one of the world’s premier aerospace and defense companies.
The merger brings together Raytheon, a leading technology and innovation company, and United Technologies, a global provider of high-technology systems and services, to form Raytheon Technologies Corporation (NYSE: RTX). This new company boasts a diverse portfolio of advanced technologies, expanded capabilities, and a strong global presence.
The merger enables Raytheon Technologies Corporation to provide customers with more comprehensive and integrated solutions across the aerospace and defense industries. By combining their expertise, the two companies are well-positioned to deliver cutting-edge solutions to address the complex challenges faced by customers around the world.
The creation of Raytheon Technologies Corporation represents a significant milestone in the aerospace and defense industry. The company is now better equipped to drive technological advancements, innovation, and sustainable growth, benefiting its customers, employees, and shareholders.
“We are thrilled to celebrate the successful completion of the merger between Raytheon and United Technologies,” said Greg Hayes, CEO of Raytheon Technologies. “This merger brings together two incredible organizations with a shared commitment to excellence, innovation, and delivering value to our customers. We are confident that our combined strengths and capabilities will position us as a global leader in the aerospace and defense industry.”
Raytheon Technologies Corporation is dedicated to maintaining its commitment to the highest standards of quality, performance, and customer satisfaction. The company’s broad portfolio encompasses commercial and military aerospace, intelligence, space, and defense systems. With a strong focus on research and development, Raytheon Technologies Corporation will continue to drive advancements in technology to meet the evolving needs of its customers.
The successful completion of the merger also reflects the tremendous efforts and dedication of the employees of both Raytheon and United Technologies. Their hard work and collaboration have been instrumental in achieving this significant milestone, and their ongoing contributions will be vital to the continued success of Raytheon Technologies Corporation.
Raytheon Technologies Corporation will maintain its headquarters in Waltham, Massachusetts, and will have a significant presence in key locations around the world. The company remains committed to fostering strong relationships with its customers, suppliers, and partners to drive innovation, create value, and contribute to the global aerospace and defense community.
About Raytheon Technologies Corporation
Raytheon Technologies Corporation (NYSE: RTX) is one of the world’s leading aerospace and defense companies, providing advanced technologies and systems for commercial, military, and government customers worldwide. With a broad portfolio of products and services, Raytheon Technologies Corporation is at the forefront of technological advancements that shape the future of aerospace and defense. https://www.rtx.com/
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