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Impact Uncertain

Jun 12, 2019 - Providence Journal

Raytheon, a massive U.S. defense contractor best known for manufacturing the Patriot missile defense system, has agreed to merge with industrial technology giant United Technologies in an all-stock deal, the two companies announced Sunday. The combined company would be the second-largest U.S. aerospace company, behind Boeing.

The newly formed Raytheon Technologies would be combined with United’s Collins Aerospace and Pratt & Whitney, both leading producers of jet engines and engine parts...