By Rick Clough, Bloomberg: "United Technologies Corp. agreed to buy Raytheon Co. in an all-stock deal, forming an aerospace and defense giant with $74 billion in sales in one of the industry’s biggest transactions ever."
(Bloomberg) Raytheon Co.’s planned merger with United Technologies Corp. is under Pentagon review even though military leaders won’t get to make the call on approving one of the biggest defense industry deals ever.
(Military.com) The winner of the next presidential election will be the first to fly in one of six new helicopters built for the commander in chief.
(Defense News) When Raytheon and United Technologies Corporation made a surprise announcement Sunday that they would be merging together, it sent shockwaves through the defense and aviation sectors. The combined firm will likely become the second largest player in the defense world, with major stake in the commercial aviation realm as well.
(C4ISRNET) It was materials, more than anything else, that determined the dominance of the helicopter in the 20th century.
By Loren Thompson, Forbes: "Against that backdrop, it is remarkable how little overlap there would be in the diverse product lines of what looks to be a $70 billion enterprise at its inception."