The merger, if approved by the government and the two companies’ shareholders, would create what the Washington Post described as a “military-industrial behemoth” with the power to rival Lockheed Martin, the world’s largest defense contractor.
“The company should be expected to make a strong play for the Defense Department’s emerging hypersonic missiles programs,” the Post reported. “It also will give Raytheon a sizable foothold in the commercial aerospace market for the first time in recent memory. Before the combination, the lion’s share of Raytheon’s revenue came from the Pentagon and U.S. intelligence agencies.”
On Twitter, anti-trust advocate Daniel Hanley said the United Technologies and Raytheon merger “should be dead on arrival.”
The potential merger of @UTC and @Raytheon should be dead on arrival! The chart below should be enough evidence as to why. #antitrust https://t.co/QfAN8hpbKE https://t.co/ioDmEANmlu— Daniel Hanley (@danielahanley) June 9, 2019
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