The biggest aerospace-and-defense merger ever, between United Technologies and Raytheon, caps two years of deal making in an industry that is reorganizing in anticipation of slower growth in Pentagon spending and new priorities.
The biggest aerospace-and-defense merger ever caps two years of deal making in an industry that is reorganizing in anticipation of slower growth in Pentagon spending and new priorities such as space systems and hypersonic missiles.
United Technologies Inc. and Raytheon Co. would be the third-biggest aerospace-and-defense company by sales after Boeing Co. and Airbus SE. Those companies along with Lockheed Martin Corp., Northrop Grumman Corp., General Dynamics Corp. and the U.S. arm of BAE Systems PLC would dominate a defense...
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