At a pair of special meetings on Friday morning, shareholders approved the United Technologies’ purchase of Raytheon, paving the way for creating a defense industry behemoth.
During a pair of special meetings scheduled for Friday, shareholders from United Technologies Corp. and Raytheon are expected to approve a proposed deal combining the firms and paving the way to create one the largest defense and aerospace companies in the world. Read More
ARLINGTON, Va. – The Department of Defense is focusing its directed energy weapons research on technologies ready to field now, placing on the backburner plans to create more complex space-based technology, the Pentagon’s head of research said on Wednesday.
Raytheon and United Technologies executives spent this week pitching their proposed combined operations as a deal intended to create a defense industry research and development powerhouse. Read More
This post was updated with additional information from the Pentagon.
Army Secretary Mark Esper has been confirmed to serve as the next secretary of defense in a 90-8 vote in the Senate on Tuesday. He was sworn in during an Oval Office ceremony on Tuesday evening. Read More
CAPITOL HILL – Maintaining a technological edge, improving the lives of military families and continuing to present potential adversaries with an assured strong U.S. response to hostile acts would be among Secretary of the Army Mark Esper’s priorities if the Senate approves his nomination to lead the Department of Defense.
Combining United Technologies Corp. and Raytheon Co. will create a massive, diversified missile systems and aerospace defense contractor – but some investors, lawmakers, academics and President Donald Trump are expressing doubts that bigger is better.
United Technologies Corp.’s planned purchase of Raytheon Company, announced over the weekend, is spurring lawmakers and the White House to ask questions on how the merger would limit competition in the defense industry. Read More