Raytheon Technologies started trading Friday on the New York Stock Exchange under the ticker symbol “RTX” after United Technologies Corp. and Raytheon completed their all-stock merger that was first announced in June 2019. The Waltham, Mass.-based publicly traded combined company has approximately $74B in pro forma 2019 net sales and operates with about 195K employees worldwide focused on developing technologies across hypersonics, cybersecurity, avionics and directed energy, among other areas, Raytheon Technologies said Friday.Read More »
United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker symbol on the New York Stock Exchange.Read More »
POC Hosts 2019 Artificial Intelligence Forum Featuring BG Matthew Easley, Raytheon/UTC All-Stock Merger, CACI Battle of the Bands Winner & Weekly Top 10 Stories
On Thursday, Executive Mosaic hosted the Potomac Officers Club’s 2019 Artificial Intelligence Forum. The forum featured a keynote address from BG Matthew Easley discussing the challenges of implementing AI for the U.S. Army, and a panel of GovCon leaders who elaborated on the impact AI continues to have on federal …Read More »
Thomas Kennedy, chairman and CEO of Raytheon (NYSE: RTN), told Defense News in an interview published Tuesday about the features of the proposed merger between Raytheon and United Technologies Corp. (NYSE: UTX) and one of the things he mentioned is how the deal makes the future combined firm more resilient.Read More »
Greg Hayes, chairman and CEO of United Technologies Corp. (NYSE: UTC), has said that both UTC and Raytheon (NYSE: RTN) agreed on implementing a "platform agnostic" approach for technology offerings of the future merged company. The two contractors signed an all-stock deal that will create a systems provider across aerospace and defense segments.
Read More »