On Sunday evening, United Technologies and Raytheon confirmed they had reached a merger agreement valued at more than $100 billion, sending shares of UTC up 5 percent in the overnight hours to $138, only for the stock to fade to $128.01 after at the close of trading Monday. Raytheon has agreed to a merger deal with United Technologies (UT) to create a company serving the aerospace and defence industries. What the United Technologies Merger With Raytheon Means for Defense. A spokesman for Raytheon Co. and United Technologies Corp. said fewer than 100 employees will relocate to Raytheon’s Waltham headquarters after the merger … The merger is expected to be completed in the first half of 2020, providing UT finalizes Otis and Carrier separation by the time. The new company's name will be Raytheon … Approximately 57% of its shares will belong to United Technologies shareowners, with the remaining approximately 43% to Raytheon shareowners. Roy Azevedo was appointed president of Raytheon SAS in 2018. The all-stock merger will create a premier systems provider with expanded technology, research and development (R&D) capabilities to deliver innovative and cost-effective solutions. United Technologies: Raytheon Merger Is a Long-Term Value Creator Uncertainties on merger synergies for UTX stock represent a prime buying … The merged company will be called Raytheon Technologies Corporation. The business is a leader in the design, development and manufacture of integrated sensor and communication systems for advanced missions. Raytheon shares were up slightly to nearly $187.19 on the day. The Raytheon Co. and United Technologies Corp. are merging in an all-stock deal that the two companies say is a merger of equals. The CEO of United Technologies Corp. touted what he says are the financial advantages of a planned merger with Waltham-based Raytheon Co. in upcoming years, appearing to …