Topic summary
Raytheon Technologies
Extracted from the Wikipedia article RTX Corporation.
2020-2023: Raytheon Technologies
In June 2019, United Technologies announced the intention to merge with the Raytheon Company. The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing. Although UTC was the legal survivor, the merged company took the name Raytheon Technologies and based its headquarters at Raytheon's former campus in Waltham, Massachusetts, rather than UTC's former base in Farmington, Connecticut. The merger was completed in April 2020. Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX.