the proposed merger would combine an enormous amount of pension assets under one umbrella, with more than 90 billion in pension assets across benefit plans set against an even larger obligation.
the combined company that will materialize from the announced merger between raytheon co.
plans for raytheon and utc pensions, investment divisions unclear after merger massive new corporate combination has 94 billion in retirement assets.
this afternoon, we announced that raytheon will merge with united technologies corporation (utc). The combined company will be called raytheon technologies corporation. This merger of equals will create a leading aerospace and defense systems supplier with a diversified technologies portfolio able to meet the growing capabilities demand from our global customer base.
, april 3, 2020 raytheon technologies corporation (nyse rtx) announced the successful completion of the all-stock merger of equals transaction between raytheon company and united technologies corporation on april 3, 2020, following the completion by united technologies of its previously announced spin-offs of its carrier and otis businesses.
the all-stock merger of equals is slated to produce annual cost synergies of more than 1 billion by the fourth year and new revenues from the technologies of the defense industrys raytheon company (nysertn), of waltham, massachusetts, and the aerospace firm united technologies corporation (nyseutx), of farmington, connecticut.
united technologies said sunday that it struck a deal to merge with raytheon, an all-stock transaction that would create an aerospace and defense giant rivaling boeing.
this information will be used to recalculate your raytheon pension. If using the new numbers would give you a higher pension, your raytheon pension will be increased retroactively from your first pension check. In most cases the raytheon ss65 estimated number is lower then the social security number.
, and executives on sunday called the deal, which doesnt include a takeover premium, a merger of equals.
Raytheon, the us defence group, has defended its proposed merger with the aerospace arm of united technologies, insisting it is not pursuing size for the sake of it.
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