"Raytheon Technologies Debuts On The Dow As Rival GE Deepens Cuts"
"Raytheon Technologies (RTX), formerly known as United Technologies, debuted on the Dow Jones Industrial Average Friday after the closing of its massive merger. United Technologies completed the separations of its Otis elevator and Carrier air-conditioning units early Friday, clearing the way for its merger with Raytheon Company. The industrial giant and Raytheon agreed to merge in June 2019 in a $100 billion all-stock deal."
"The new Raytheon Technologies stock is a formidable aerospace and defense pure play. With roughly $74 billion in net sales last year, it's overtake Boeing (BA) in aerospace/defense revenue as 737 Max planes remain grounded."
"The standalone Carrier Global (CARR) company makes its debut on the S&P 500 Friday and closed at 15.96. Otis Worldwide (OTIS), which also debuts on the S&P 500, settled at 47.11."
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