United Technologies and Raytheon Will Combine to Form Megasize Aerospace and Defense Firm
In a surprise move, wide-moat-rated firms United Technologies and Raytheon announced plans to merge to create what will become the second-largest aerospace and defense firm as measured by 2019 pro forma sales. The announcement confirms credible rumors that surfaced June 8, suggesting that the parties were close to agreement on a merger. The deal is expected to close in the first half of 2020, after the planned spin-offs of United Technologies segments Otis (elevators and escalators) and Carrier ...Airbus is an European Aeronautic Defense and Space company whose core business is the manufacturing of commercial aircraft, civil and military helicopters, commercial space launch vehicles, missiles, military aircraft, satellites and defense systems and defense electronics and the rendering of services related to these activities. Co. organizes its businesses into the following five operating divisions: Airbus Commercial, Airbus Military, Eurocopter, Cassidian and Astrium. In addition, Co.'s Other Businesses division engages in the development, manufacturing, marketing and sale of regional turboprop aircraft and aircraft components.
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