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Boston & New England  + Office  |  June 12, 2019
David Cohen
By: David Cohen

Raytheon, United Technologies Announce $100B Merger in All-Stock Deal

Raytheon and United Technologies announced that the companies will merge in an all-stock deal. The merger would create a $100 billion enterprise between the United Technologies production of jet engines, cockpit controls and airplane seats and Raytheon’s missile, sensor, ISR, and command and control programs.

The new company, which would be known as Raytheon Technologies, will be based in the Boston metro area and is expected to be located nearby Raytheon’s current headquarters in Waltham.

If completed, shareholders of the Farmington, Conn.-based United Technologies would own 57% of the new company, while Raytheon shareholders would own 43%. The deal, which the companies have called a merger of equals, is expected to close in early 2020.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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