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Welcome to the Views room from Reuters Breaking Views. I'm Jennifer Sabah and with me as my co-host, Anthony Curry.

Hello, Anthony.

Hello.

We're driving into the world of difficult deal-making this week.

Later in the show we discuss whether Fiat, Chrysler and Renault can get their wreck of a merger back on the road.

But we start with one of the biggest unions unveiled so far this year, that of defense and aviation

companies, Raytheon and United Technologies.

So, Antony, on the face of it, this $114 billion deal between Raytheon and United Technologies

seems pretty clean, seems pretty straightforward in the sense that Raytheon, they make

missiles and radars and stuff like that, and UTC is more commercial where they make like

de-icing machines or whatever, you know, commercial aircraft.

Yeah, there's not a huge amount of overlap.

So the cost savings they're projecting

for this merger, which is often one of the reasons for tying up, is not that big. It's like

1% of combined sales versus 3, 4, 5% you might see in other deals. But yeah, it doesn't,

it doesn't rule out the reason for a deal. They're not pushing big premiums on each other.

They're not overdoing on that scale. But it has raised a few

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