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Upon the closing of the merger, United Technologies will be renamed Raytheon Technologies Corporation, and its common stock will trade on the NYSE under the ticker symbol "RTX." The last full day of trading in the shares of Raytheon Company is expected to be Thursday, April 2, 2020, and upon the closing of the merger on Friday, April 3, 2020, each share of Raytheon Company common stock will be converted into the right to receive 2.3348 Raytheon Technologies shares. The first day of trading for Raytheon Technologies shares is expected to be Friday, April 3, 2020.
$RTN short squeeze article Raytheon Company Nyse Rtn Short Squeeze
News: $RTN Better Buy: Boeing vs. Northrop Grumman
Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) are among the handful of defense contractors that soak up large shares of the Pentagon's hundreds of billions of dollars in annual spending. But their stocks have charted opposite courses this year: Northrop is beating the S&P 500...
Read the whole news RTN - Better Buy: Boeing vs. Northrop Grumman
Raytheon (RTN) – The New York-listed company, with a market capitalisation of $55bn, has built a business relationship with Saudi Arabia over the past 50 years. Sales over the past five years have exceeded $3.5bn.
PT > now $230. > RTN
Very bullish on RTN's radar division. Drone's loaded with missiles are now top priority for DETECTION.
JP Morgan raised the price target for Raytheon Company (NYSE: RTN) from $225 to $230. Raytheon shares closed at $198.72 on Friday.
Looking for radar companies like RTN and others that can detect drones.
All refineries around the world will need protection from drone attacks
Buy! buy! Monopolies rule less competition means can charge taxpayers and others double the amount for new weapons developed
News: $RTN Raytheon and United Technologies Aerospace Businesses to Combine in Merger of Equals
WALTHAM, Mass. and FARMINGTON, Conn. , June 9, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have entered into an agreement to combine in an all-stock merger of equals. The transaction will create a premier systems provider with advanc...
Read the whole news https://marketwirenews.com/news-releases/raytheon-and-united-technologies-aerospace-businesses-to-combine-in-merger-of-equals-8327228.html
SA: "United Technologies and Raytheon in merger talks" -
"A deal between the two defense and aerospace giants (combined market cap $166B) could be announced within days, according to the report. The merger wouldn't affect UTX's existing plan to spin off its Otis elevator and Carrier building-systems businesses.
UTX's Chairman and Chief Executive Greg Hayes is expected to be CEO of the combined company, with Raytheon (NYSE:RTN) Chairman and CEO Thomas Kennedy becoming chairman."
https://seekingalpha.com/news/3469974-united-technologies-raytheon-merger-talks-wsj
"Raytheon and United Technologies are in late-stage talks to merge in an all-stock deal"
The tie-up between Raytheon and United Technologies’ aerospace unit is expected to be worth more than $100 billion
The deal could be announced as early as Monday, according to a source.
The combination would consolidate the aerospace and defense sector and suppliers of companies like Boeing, Airbus and Lockheed Martin.
The new company, after Carrier and Otis are separated out, is expected to have a combined market value of more than $100 billion, the person said.
The deal, a so-called merger of equals, wouldn’t close before 2020, when United Technologies expects to complete the separation of the elevator and air conditioning businesses, the person said. "
https://www.cnbc.com/2019/06/08/raytheon-and-united-technologies-are-in-talks-to-merge-wsj.html
News: $RTN Raytheon Company wins $52 million contract for 50 Sentinel A3 radars
WALTHAM, Mass. , Jan. 25, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded the following contract as announced by the Department of Defense on December 28, 2018 . Raytheon Integrated Defense Systems, Fullerton, California , was awarded a $51,901,116 firm-fixed-...
Got this from https://marketwirenews.com/news-releases/raytheon-company-wins-52-million-contract-for-50-sentinel-a3-radars-7553956.html
This one's for Billy 'cause
I know he still reads this board (how else would he have ANY kind of "feel" for what's happenin' ?)
RTN October 12th :
10 weeks later : Wo !.....Ka-Boom !
Can't leave out the All-Data View !
The top chart was a "heads-up"........One can see the result !
So hopefully you can maybe now (finally) concur.....that stock-charting isn't entirely worthless !
In fact, you should see Berkshire Hathaways' chart !
.
Currently now trading 'round $160
Even lower than that what is was before : https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145072632
Boom times predicted for ‘defense’ contractors as Democrats take the House. The CEO of Raytheon tells an audience that the Democrats are unlikely to care about the budget, and so billions more in taxpayer funds will continue to flow freely to Defense contractors
Smart people work there. $230-235/share within 2 quarters, regardless of who's in WhiteHouse. I worked w/Raytheon's engineers ordering our communications amplifiers, also LockheedMartin & Darpa - some of the smartest people on planet Earth. The products aren't "humane" but necessary to maintain peace. One, though not main reason I buy stocks in such companies, despite slow/not too volatile/not "exciting", big companies, is their people designing amazing products, envied by rest of world. Marijuana can jump around but with Raytheon I sleep better knowing won't wakeup to a disastrous loss like fools who bought Bitcoins nor will I get rich " quick", RTN is rather steady rise in shareprice, esp. guaranteed in current unstable world with flaring conflicts, from Korea to whatever else. Demand for Raytheon's products will stable or rise, like it or not, military.conflicts aren't going away.
Know This Trade Level For This Major Defense Stock
Most of the leading defense stocks topped out in late April 2018. Since that pivot top, many of the leading stocks in the defense sector have declined by 10.0 percent or more. Raytheon Co (NYSE:RTN) is a stock that has now caught my eye. This stock is now testing its 200-day moving average. A failure to hold this key support level should signal another decline in the stock. The next major support area that will come into play will be around the $188.00 level. This is where RTN stock broke out of a sideways base in January 2018. A retest of this important level will likely be defended by the institutional money crowd. This is where I would look to enter a long position in the name. Some other leading defense companies that I follow include Lockheed Martin Corp(NYSE:LMT), General Dynamics Corp (NYSE:GD) and Northrop Grumman Corp (NOC:NYSE). These defense stocks are also on my radar for trading opportunities.
Nicholas Santiago
InTheMoneyStocks
$RTN $178.19 Lockheed, Raytheon each win $900M nuclear cruise missile contracts
Aug. 23, 2017 7:14 PM ET|By: Carl Surran, SA News Editor
Lockheed Martin (NYSE:LMT) and Raytheon (NYSE:RTN) are awarded initial contracts of $900M each by the U.S. Air Force to begin development of a new nuclear cruise missile for long-range bombers.
The initial contracts cover a four-and-a-half year phase to refine designs and prove out technologies for the Long-Range Standoff missile; the Air Force later will pick one of the contractors for full production of as many as 1,000 missiles - not all of them topped by nuclear warheads - in an acquisition phase valued at ~$10B.
The decision is a defeat for Boeing (NYSE:BA), which in the 1980s developed and fielded the AGM-86B Air Launched Cruise Missile now in use.
https://seekingalpha.com/news/3291412-lockheed-raytheon-win-900m-nuclear-cruise-missile-contracts
IBC Alloys is in Business With Raytheon
IAALF is also in business with Lockheed Martin
http://www.ibcadvancedalloys.com/
Good Luck To All!$!$!$
RTN Awards IAALF F/A-18 Fighter Contract
IBC Awarded Contract from Raytheon to Produce a Beralcast® Component for the F/A-18 Fighter Jet’s ATFLIR System
FRANKLIN, IN IBC Advanced Alloys Corp. (TSX-V: IB; OTCQB: IAALF) (“IBC” or the “Company”) a leading beryllium and copper alloys company, announced today that it has been awarded a production contract from Raytheon Space and Airborne Systems (NYSE: RTN) to produce a beryllium-aluminum cast component for use in Raytheon’s Advanced Targeting Forward Looking Infrared (ATFLIR) system, currently in use on U.S. Navy F/A-18 fighter jets.
Terms of the contract were not able to be disclosed, although IBC expects to produce this part for Raytheon over multiple years. The part is a precision cast pitch gimbal housing for the ATFLIR system and is produced from IBC’s proprietary Beralcast® beryllium-aluminum material.
Beralcast® is more than three times stiffer than aluminum with 22% less weight, and can be precision-cast to simple and complex configurations. The material is very lightweight with a high modulus of elasticity and can be precision cast for three-dimensional stability. Beralcast® is ideally suited for aerospace applications, certain demanding semiconductor manufacturing equipment, computer components, and other commercial uses, and allows for a near-net shape to be cast for maximum manufacturing efficiencies.
Raytheon's Advanced Targeting Forward Looking Infrared pod is a multi-sensor, electro-optical targeting pod incorporating thermographic camera, low-light television camera, target laser rangefinder/laser designator, and laser spot tracker that has been flight tested on all F/A-18 models. It delivers pinpoint accuracy and reliability for air-to-air and air-to-ground mission support, and assures mission success by integrating advanced EO and IR sensors with one of the most powerful lasers on the market. ATFLIR can locate and designate targets day or night at ranges exceeding 40 nautical miles and altitudes surpassing 50,000 feet, outperforming comparable targeting systems. As a powerful net-enabler, it can pass tracking and targeting information to other nodes in the networked battlespace with the speed and precision.
More information on the ATFLIR system can be seen here: http://www.raytheon.com/capabilities/products/atflir/
On Behalf of the Board of Directors:
"Duncan Heinz”
Duncan Heinz, President, CEO and Director
http://www.ibcadvancedalloys.com/news/2017/05/30/2017/ibc-awarded-contract-from-raytheon-to-produce-a-beralcast-component-for-the-f-a-18-fighter-jet-s-atflir-system/
Good Luck To All!$!$!$
Raytheon are gonna be talking about ground segment innovations / end-to-end secured satcom at Global MilSatCom in London this November! Interesting to see what Raytheon can do for this crucial area.
RTN..$170 Raytheon beats by $0.22, reports revs in-line; raises FY17 EPS and revs guidance
RTN positioned well in the current times.
$RTN 160.53 Raytheon awarded up to $600 million to sustain and modernize U.S. Army strategic software systems
http://www.prnewswire.com/news-releases/raytheon-awarded-up-to-600-million-to-sustain-and-modernize-us-army-strategic-software-systems-300471179.html
Does anyone know about the plant closing in Texas, I think it's in Garland.
Fundamental analysis implies Raytheon Co $RTN is 2% overvalued before earnings Thursday:
Fair Value Analysis
TTCM CEO is the EX Dir of Counter Terrorism Technology @Raythoen, The reputation of the dirs from TTCM is very big. Wont be seen in any pink again.
Dr. Leonard is CEO of TTCM! HUGE!
EX Dir of Counter Terrorism Technology @Raythoen is now TTCM Ceo @0.0165 now!! Ceo of TTCM DR. Leonard, holds several Patents for his own Name, but also several Patents @ Raythoen/ RTN, Patents see below.
TTCM dirs with big reputations, NASA, US Department of defense, Security First Cooperation, Raythoen (2 X, by 2 dirs) TSAT, many patents, several founded and funded cos in the past, 1 traded at Nasdaq with ipo, several bought out cos from big and known COs.
TTCM Co with 2 pending patents right now, from which one should be granted anyday now. See pictures below.
https://www.google.com/patents/US20140049653
http://patents.justia.com/patent/20160070892
All prove able! http://www.plainsite.org/profiles/leonard-jon-n/
nice article: http://www.afcea.org/content/?q=us-recoups-nighttime-primacy
When the world changed on 9-11, Jon ( CEO of TTCM) joined Raytheon as the Director of Counter Terrorism Technology with the goal of applying advanced technology to the defeat of terrorism. In this role he conceived and won a number of government advanced technology development programs with terror defeat as their goal, some being classified and some being unclassified.
Raytheon Merges with Websense, Rebrands To Forcepoint
http://marketexclusive.com/intel-merges-with-raytheonwebsense-and-rebrands-to-forcepoint/1351/
Wouldn't be surprised if Raytheon starts struggling after Obama leaves office. Hopefully the next president ins't dumb enough to arm Radical Terrorists with TOW missiles.
liveleak.com/view?i=91d_1449505200
$ RTN. Raytheon takes next step toward defining Multi-Object Kill Vehicle concept.
TUCSON, Ariz., Nov. 20, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) completed the first Program Planning Review with the U.S. Missile Defense Agency on the future Multi-Object Kill Vehicle (MOKV) concept, a key step toward defining critical aspects of its design.
Raytheon Company is developing a Multi-Object Kill Vehicle that will simultaneously defeat a number of ballistic missile threats in space. The company's cutting-edge approach represents the next generation of technology in kill vehicles.
The milestone is a critical part of the Concept Development Phase. It's designed to ensure Raytheon is aligned with the MDA's expectations and on track for a Concept Review in December.
"Emerging threats demand a new engagement paradigm – one the Raytheon team is able to fully support with our depth of experience and breadth of capability," said Dr. Thomas Bussing, vice president of Advanced Missile Systems. "We're leveraging decades of experience across four kill vehicle programs and vast tactical weapon expertise across every domain and mission area to meet this critical need."
As part of the $9,775,608 contract awarded in August 2015, Raytheon will define an operational MOKV concept. The MOKV will destroy several objects by utilizing advanced sensor, divert and attitude control and communication technologies.
Design work on Raytheon's MOKV concept is occurring in the Advanced Missile System's product line, an industry-leading technology and innovation hub. Current Raytheon-built kill vehicles are built in the world-class, one-of-a-kind Space Factory, which has been called a national asset. Between the Standard Missile-3 and Exoatmospheric Kill Vehicle programs, Raytheon has achieved more than 30 intercepts in space - far more than any other company.
About Raytheon
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cybersecurity and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit www.raytheon.com and follow us on Twitter @raytheon.
$ RTN. U.S. Air Force awards Raytheon a $393 million contract for ISR mission support.
ROBINS AIR FORCE BASE, Ga., Oct. 28, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will continue mission support for the U.S. Air Force's Distributed Common Ground System (DCGS) under a new $393 million contract.* DCGS is the service's primary intelligence, surveillance and reconnaissance (ISR) analysis tool. Over the last decade, Raytheon has ensured high levels of performance for these critical ISR systems, while generating tens of millions in cost savings.
Under the new contract, Raytheon will continue to sustain, maintain and ensure operational availability of platforms and legacy systems that produce actionable intelligence for the Air Force. These systems collect, process, analyze and disseminate data collected by sensors aboard the Air Force's ISR platforms — U-2, RQ-4 Global Hawk, MQ-1 Predator, MQ-9 Reaper and MC-12.
"This award recognizes Raytheon's strong performance in delivering mission support solutions and significant cost savings," said Dave Wajsgras, president of Raytheon Intelligence, Information and Services (IIS). "We clearly understand the importance and our responsibility to sustain and maintain this critical capability for our armed forces."
The DCGS contract was awarded by the Air Force Life Cycle Management Center and directly supports the 25th Air Force, part of the U.S. Air Force's Air Combat Command.
"Raytheon's product-agnostic approach to sustainment and maintenance led to significant cost savings for the Air Force over the last decade," said Todd Probert, vice president at Raytheon IIS' Mission Support and Modernization. "In times of budgetary constraints, Raytheon is especially focused on working with our customers to identify the most efficient solutions while leveraging our deep expertise to provide assured mission performance for the warfighter."
Raytheon IIS has captured more than $2.2 billion in Air Force mission support contracts so far this year, including a U.S. Air Force space launch range contract and a NORAD contract for a variety of operations services.
* NOTE TO EDITORS: This contract was originally announced by the Department of Defense on September 29, 2015.
About Raytheon
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cybersecurity and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.
$ RTN. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN
Raytheon will be sponsoring Europe's largest Satellite event next week, Global Milsatcom providing an insight into future Milsatcom Missons. Looks to be an interesting presentation from the Director of Business Development and Strategy! https://www.smi-online.co.uk/defence/uk/global-milsatcom
$ RTN. Up over $5 today and looking good with strong Earnings. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN
$ RTN. U.S. begins flight testing advanced missile defense interceptor.
POINT MUGU NAVAL STATION, Calif., June 7, 2015 /PRNewswire/ -- The U.S. Navy and Missile Defense Agency (MDA) conducted the first flight test of the Raytheon Company (NYSE: RTN) Standard Missile-3 Block IIA. The interceptor's bigger rocket motors and more capable kill vehicle will engage threats sooner and protect larger regions from short- to intermediate-range ballistic missile threats.
The final assembly of the Raytheon-made Standard Missile-3 Block IIA used during the flight test was delivered to the Missile Defense Agency from the company's Redstone Missile Integration Facility in Huntsville, Ala. Learn more about this defensive weapon here: www.raytheon.com/capabilities/products/sm-3/
"The SM-3 Block IIA program reflects the MDA's commitment to maturing this capability for the defense of our nation, deployed forces, and our allies abroad," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "The success of this test keeps the program on track for a 2018 deployment at sea and ashore."
The mission, Control Test Vehicle-01, evaluated the SM-3 Block IIA's nosecone performance, steering control section function, booster separation, and second and third stage rocket motor separation.
During the test, a SM-3 Block IIA was launched from a MK 41 launcher located at the U.S. Navy's Point Mugu Sea Range on Saint Nicolas Island in California. A target intercept was not included in the testing scenario.
About the Standard Missile-3
SM-3s destroy incoming ballistic missile threats in space using nothing more than sheer impact equivalent to a 10-ton truck traveling at 600 mph.
More than 200 SM-3s have been delivered to date.
SM-3 Block IB is deployed at sea and will be deployed ashore in 2015 in Romania.
SM-3 Block IIA is on track for deployment at sea and ashore in 2018.
I found this guys. Is it the same company ?
March, 2015
Raytheon Technical Services Co., LLC, Colorado Springs, Colorado, has been awarded a $700,000,000 indefinite-delivery/indefinite-quantity contract for the North American Aerospace Defense Command Cheyenne Mountain Complex. Contractor will provide sustainment services and products supporting the Integrated Tactical Warning/Attack Assessment (ITW/AA) and Space Support Contract covered systems. The program provides ITW/AA authorities with accurate, timely and unambiguous warning and attack assessment of air, missile and space threats. Work will be performed at Peterson Air Force Base, Colorado; Cheyenne Mountain Air Force Station, Colorado; Vandenberg Air Force Base, California; and Offutt Air Force Base, Nebraska, and is expected to be complete by March 30, 2020. This award is the result of a competitive acquisition with two offers received. No funds are being obligated at the time of award. Air Force Life Cycle Management Center, Peterson Air Force Base, Colorado, is the contracting activity (FA8723-15-D-0001).
Any news on the ISR project rtn joined into with tmmi?!
$ RTN. Looking good and not that for away from its 52 week high. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN
$ RTN. Raytheon receives $109 million for SM-6, SM-2 parts.
TUCSON, Ariz., March 31, 2015 /PRNewswire/ -- The U.S. Navy awarded Raytheon Company (NYSE: RTN) $109,583,490 million to purchase the long-lead materials needed to meet Standard Missile-6 full-rate production requirements and Standard Missile-2 sustainment. This award was booked in the first quarter 2015.
SM-6 is a surface-to-air supersonic missile capable of successfully engaging manned and unmanned aerial vehicles and fixed- and rotary-wing aircraft. It also defends against land-attack and anti-ship cruise missiles in flight.
The SM-6 deployed for the first time in 2013, and Raytheon has delivered more than 160 missiles. The missile's final assembly takes place at Raytheon's state-of-the-art SM-6 and SM-3 all-up-round production facility at Redstone Arsenal in Huntsville, Ala.
SM-2 is the world's premier fleet-area air defense weapon, providing increased intercept range, high- and low-intercept capability, and performance against advanced and anti-ship missile threats. Its primary mission is fleet-area air defense and ship self-defense, but it has also demonstrated an extended-area air defense protection capability.
About the Standard Missile-6
SM-6 delivers a proven over-the-horizon air defense capability by leveraging the time-tested advantages of the Standard Missile's airframe and propulsion.
The SM-6 uses both active and semiactive guidance modes and advanced fuzing techniques.
It incorporates the advanced signal processing and guidance control capabilities from Raytheon's Advanced Medium-Range Air-to-Air Missile.
About the Standard Missile-2
SM-2s are the world's premier fleet-area air defense weapons. The missiles are also capable of providing extended-area air defense.
SM-2's international customers include: Australia, Canada, Germany, Japan, Korea, the Netherlands, Spain and Taiwan.
SM-2 has been integrated with both Aegis and non-Aegis combat weapon systems.
The missile can be launched from the MK-41, MK-13 and MK-26 launchers.
SM-2 has an extensive flight test history of more than 2,500 successful flight tests
More than 5,000 SM-2s have been delivered to the US and allied customers.
$ RTN. TOW 2A RF missiles successfully fired from helicopter.
TUCSON, Ariz., March 30, 2015 /PRNewswire/ -- In the first of its kind launch, Raytheon Company (NYSE: RTN) fired tube-launched, optically-tracked, wireless-guided (TOW®) 2A radio frequency (RF) practice missiles from an AH-1W Cobra attack helicopter during a December exercise.
Raytheon, working with the Naval Air Systems Command, fired two TOW 2A RF practice missiles at ranges exceeding 2600 meters. The two tests verified the missile's capability to be fired from a hovering aircraft and from an aircraft maneuvering to a threat. Both missiles hit their targets within inches of the aimpoints.
"Wire-guided TOW missiles have been fired from helicopters for years," said Michelle Lohmeier, vice president of Raytheon's Land Warfare Systems. "These shots demonstrate RF capability to be fired off platforms used with wired TOWs without modifications."
The TOW 2A RF missile is designed to be compatible with all TOW launch systems with no changes to the gunner's actions. While TOW RF is routinely fired from ground platforms, it had not been fired from an airborne platform until now.
"Airborne TOW has always been an integral part of combined-arms operations such as coastal defense missions," said Lohmeier. "These shots demonstrate that TOW 2A RF is fully capable of defeating modern threat targets and will be a viable asset of a nation's arsenal for the foreseeable future."
About TOW
The tube-launched, optically-tracked, wireless-guided (TOW) weapon system, with the multimission TOW 2A, TOW 2B Aero and TOW Bunker Buster missiles, is the premier long-range, precision anti-armor, anti-fortification weapon system used throughout the world today. TOW is in service in more than 40 international armed forces and integrated on more than 15,000 ground, vehicle and helicopter platforms worldwide. Raytheon has delivered more than 690,000 TOW missiles to U.S. and allied warfighters. The TOW weapon system will be in service with the U.S. military beyond 2025.
About Raytheon
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.
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United Technologies and Raytheon Complete Merger of Equals Transaction- Creates the world's most advanced aerospace and defense systems provider- Serves customers worldwide through a platform-agnostic, diversified portfolio of industry-leading businesses- Expects to introduce breakthrough technologies at an accelerated pace across high-value areas of commercial aerospace and defensePR Newswire WALTHAM, Mass., April 3, 2020 WALTHAM, Mass., April 3, 2020 /PRNewswire/ -- Raytheon Technologies Corporation (NYSE: RTX) announced the successful completion of the all-stock merger of equals transaction between Raytheon Company and United Technologies Corporation on April 3, 2020, following the completion by United Technologies of its previously announced spin-offs of its Carrier and Otis businesses. Headquartered in Waltham, Mass., Raytheon Technologies is one of the largest aerospace and defense companies in the world with approximately $74 billion in pro forma 2019 net sales and a global team of 195,000 employees, including 60,000 engineers and scientists. Raytheon Company (NYSE:RTN) shares ceased trading prior to the market open on April 3, 2020, and each share of Raytheon common stock has been converted in the merger into the right to receive 2.3348 shares of United Technologies common stock (previously traded on the NYSE under the ticker symbol "UTX"). Upon closing of the merger, United Technologies' name has changed to "Raytheon Technologies Corporation," and its shares of common stock will begin trading today on the NYSE under the ticker symbol "RTX." United Technologies shareowners will continue to hold their shares of United Technologies common stock, which now constitute shares of common stock of Raytheon Technologies Corporation. Raytheon Technologies has a large, talented workforce to address the rapidly evolving needs of customers globally. The combined company expects to introduce breakthrough technologies at an accelerated pace across high-value areas such as hypersonics, directed energy, avionics and cybersecurity. In addition, Raytheon Technologies has a strong balance sheet and cash flows to support critical business initiatives, including company and customer-funded R&D. "Raytheon Technologies brings together two companies with combined strengths and capabilities that make us uniquely equipped to support our customers and partners during this unprecedented time. We will also play our part in the war on the COVID-19 pandemic, including doing everything we can to keep our employees around the globe safe and well," said Greg Hayes, CEO of Raytheon Technologies. "As we move forward, Raytheon Technologies will define the future of aerospace and defense through our focus on innovation, our world-class people and our financial and operational strength to create long-term value for our customers and shareowners." "Today, we introduce Raytheon Technologies as an innovation powerhouse that will deliver advanced technologies that push the boundaries of known science," said Tom Kennedy, Executive Chairman of Raytheon Technologies. "Our platform-agnostic, diversified portfolio brings together the best of commercial and military technology, enabling the creation of new opportunities across aerospace and defense for decades to come." Structure and Leadership
Raytheon Technologies' executive leadership team is comprised of Tom Kennedy, Executive Chairman, Greg Hayes, Chief Executive Officer, and Toby O'Brien, Chief Financial Officer. Additional leadership biographies are available on the company's website. Raytheon Technologies Investor Call About Raytheon Technologies
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