the other mike
Diamond Member
Article from 6/10/19...
In a move that immediately sparked concerns among anti-trust advocates, weapons manufacturer Raytheon and aerospace giant United Technologies agreed Sunday to a $120 billion merger that was described as one of the largest-ever combinations of two defense contractors.
The merger, if approved by the government and the two companies' shareholders, would create what the Washington Post described as a "military-industrial behemoth" with the power to rival Lockheed Martin, the world's largest defense contractor.
"The company should be expected to make a strong play for the Defense Department's emerging hypersonic missiles programs," the Post reported. "It also will give Raytheon a sizable foothold in the commercial aerospace market for the first time in recent memory. Before the combination, the lion's share of Raytheon's revenue came from the Pentagon and U.S. intelligence agencies."
Raytheon and United Technologies Announce Merger to Create 'Military-Industrial Behemoth'
Another link;
https://www.military.com/daily-news/2019/06/11/raytheon-utc-merger-latest-series-major-defense-firm-acquisitions.html
In a move that immediately sparked concerns among anti-trust advocates, weapons manufacturer Raytheon and aerospace giant United Technologies agreed Sunday to a $120 billion merger that was described as one of the largest-ever combinations of two defense contractors.
The merger, if approved by the government and the two companies' shareholders, would create what the Washington Post described as a "military-industrial behemoth" with the power to rival Lockheed Martin, the world's largest defense contractor.
"The company should be expected to make a strong play for the Defense Department's emerging hypersonic missiles programs," the Post reported. "It also will give Raytheon a sizable foothold in the commercial aerospace market for the first time in recent memory. Before the combination, the lion's share of Raytheon's revenue came from the Pentagon and U.S. intelligence agencies."
Raytheon and United Technologies Announce Merger to Create 'Military-Industrial Behemoth'
Another link;
https://www.military.com/daily-news/2019/06/11/raytheon-utc-merger-latest-series-major-defense-firm-acquisitions.html