Huge M&A deals: United Technologies and Raytheon: $135 Billion
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United Technologies and Raytheon: $135 Billion
Date Announced: June 9, 2019
Date Completed: April 3, 2020
Deal Type: Merger of Equals
Industry: Aerospace and Defense
Strategic Rationale:
The merger between United Technologies Corporation (UTC) and Raytheon Company was aimed at creating a premier systems provider with advanced technologies in aerospace and defense. The deal combined UTC’s aerospace expertise with Raytheon's defense technologies, aiming for a more balanced revenue mix between commercial aerospace and defense.
Financial Details:
The transaction was an all-stock merger valued at approximately $135 billion, resulting in the formation of Raytheon Technologies Corporation.
Impact:
The merger resulted in substantial cost synergies and positioned the combined company as a major player in the aerospace and defense sectors. The deal provided a strong foundation for growth, particularly in the fields of defense electronics, missile systems, and avionics.
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