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 ...Honeywell International is a technology and manufacturing company. The company has four segments: Aerospace, which supplies products, software and services for aircrafts; Honeywell Building Technologies, which provides products, software, solutions and technologies including building control and optimization, energy management, access control, video surveillance, fire products, and remote patient monitoring systems; Performance Materials and Technologies, which develops and manufactures chemicals and materials, process technologies and automation solutions; and Safety and Productivity Solutions, which provides products and software that improve productivity, workplace safety and asset performance.
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