Defence specialists Raytheon Company and United Technologies, which comprises of Collins Aerospace and Pratt & Whitney have entered into a merger agreement. The combined company, which will be named Raytheon Technologies Corporation, will offer expanded technology as well as research and development capabilities to deliver innovative and cost-effective solutions aligned with customer priorities. The combined company will have approximately $74 billion in pro forma 2019 sales. With a strong balance sheet and robust cash generation, Raytheon Technologies will enjoy enhanced resources and financial flexibility to support significant research and development; as well as capital investment through business cycles. Under the

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