The American industrial group United Technologies wants to unite its aviation division with defense company Raytheon. Reuters news agency reports based on insiders. The deal would produce a concern having a value of more than a hundred billion dollars. It would also be one of the largest trades ever in the aerospace and defense businesses.
The United Tech branch primarily provides commercial aircraft manufacturers and manufactures digital products and communication gear. Raytheon is a government provider for military aviation and also makes the Tomahawk cruise missile and Patriot missile systems. Allegedly United Tech remains planning to split off its components for air conditioners and lifts.
According to the sources, United Tech boss Greg Hayes will be the new firm’s top executive, and Raytheon manager Thomas Kennedy will be the president. United Tech did not want to respond, while Raytheon was not available for a reply.