United Technologies struck a deal to acquire military contractor Raytheon, continuing the sprawling industrial conglomerate’s transformation into a company focused on aerospace and defense
United Technologies Corp. struck a deal to acquire military contractor Raytheon Co., continuing the sprawling industrial conglomerate’s transformation into a company focused on aerospace and defense.
The proposed deal intensifies the consolidation in the aerospace and defense industry as plane makers seek better terms from suppliers and the Pentagon puts more pressure on contractors to cut costs and invest more of their own money in new technologies such as space systems and cybersecurity.
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