Raytheon and UTC formally complete merger
Raytheon and United Technologies have officially completed their merger, creating a new entity called Raytheon Technologies Corporation.
'Today, we introduce Raytheon Technologies as an innovation powerhouse that will deliver advanced technologies that push the boundaries of known science,' Tom Kennedy, executive chairman of Raytheon Technologies, said on 3 April.
The new company comprises four divisions representing the businesses of the legacy companies: two Raytheon divisions focusing on military and space technologies, and the Collins Aerospace Systems and Pratt & Whitney divisions from United Technologies.
Raytheon Technologies Corporation is headquartered in Waltham, Massachusetts. In total, the new company employs 195,000 staff worldwide, including about 60,000 engineers, scientists and technical specialists.
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