Energy: United Technologies and Raytheon Look to Build an Aerospace Titan

Industry Focus

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4.6 • 854 Ratings

🗓️ 27 June 2019

⏱️ 18 minutes

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Summary

Earlier this month, Raytheon and United Technologies announced a “merger of equals,” promising to create the world’s second largest aerospace company by total revenues. At the same time, United Technologies has also been preparing for the spinoff of its OTIS elevator and Carrier HVAC divisions. Motley Fool Contributor Lou Whiteman joins the show to break down these deals and more on this week’s episode of Industry Focus: Energy & Industrials.

Stocks Mentioned: UTX, RTN

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0:00.0	Welcome Industry Focus, the podcast that dives into a
0:04.8	different sector of the stock market every day. Today is Thursday, June
0:07.8	27th and we're talking about the merger talks between United
0:10.4	Technologies and Raytheon. I'm your host Nick Saipoll and
0:12.9	day I'm joined by Molly full contributor Lou Whiteman by Skype. How you doing Lou?
0:16.4	I'm good, how are you? I'm doing great. You know, it's the middle of summer,
0:20.3	4th of July is next week. Very excited to be here with you.
0:24.4	I think you're about getting ready to go on a trip here
0:26.6	here pretty soon, summer in full swing.
0:28.8	What's going on with you, with you Lou?
0:30.3	Yeah, we're gonna test out.
0:31.7	We're taking a 12-year-old Ireland to see how that goes.
0:34.0	See if she can enjoy Ireland as much as her parents will, but I'll let you know.
0:40.0	Yeah, I've spent some time over there as well.
0:42.0	I didn't realize before I went to Ireland how many sheep there are in that country.
0:45.6	It's sheep as far as I can see, just green rolling hills and sheep. I really hope you enjoy the trip.
0:50.0	Well today we're here to talk about, as said United Technologies and Raytheon on June 9th
0:55.7	they announced a merger of equals that will create a combined company I believe a
0:59.5	hundred twenty one billion dollars you know when you look at this deal just first off the top what
1:04.1	was your reaction when you saw the news come down? It's a heck of a deal for a few
1:08.6	reasons. For one, I mean just in the context of the defense side. Raytheon is more of a defense company.
1:13.6	And United Technologies, we're talking about only
	...

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