Biden Vs. Trump Poll: Joe Biden Lead Shrinks As Donald Trump Tops 2016 Vote Share, IBD/TIPP Shows, Here Are Some Big Surprises Coming From Tech Stocks. In addition, Raytheon Technologies has a strong balance sheet and cash flows to support critical business initiatives, including company and customer-funded R&D. Google Analytics Cookies for aggregate, anonymous statistics on the number of visits to the site.

The company, formed through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts. “Ultimately, we believe the board rightly realized that UTC had underinvested in these two segments, thereby missing out on certain growth opportunities.”. We will also play our part in the war on the COVID-19 pandemic, including doing everything we can to keep our employees around the globe safe and well," said Greg Hayes, CEO of Raytheon Technologies. The call details will be provided prior to the results announcement, and the call will be webcast on the Raytheon Technologies investor relations website. Any forward-looking statement speaks only as of the date on which it is made, and RTC assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

Which financial companies are the most trusted according to investors? Authors may own the stocks they discuss. With roughly $74 billion in net sales last year, it's overtake Boeing (BA) in aerospace/defense revenue as 737 Max planes remain grounded. A vaccine is coming.

Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "confident," "on track" and other words of similar meaning. United Technologies completed the separations of its Otis elevator and Carrier air-conditioning units early Friday, clearing the way for its merger with Raytheon Company. WALTHAM, Mass., April 3, 2020 – Raytheon Technologies Corporation (NYSE: RTX) announced the successful completion of the all-stock merger of equals transaction between Raytheon Company and United Technologies Corporation on April 3, 2020, following the completion by United Technologies of its previously announced spin-offs of its Carrier and Otis businesses.

"The combined company expects to introduce breakthrough technologies at an accelerated pace across high-value areas such as hypersonics, directed energy, avionics and cybersecurity," Raytheon Technologies said in a statement. A Banner Cookie, which does not track or identify you, but rather makes this cookie banner appear just once. Privacy Policy & Terms of Use. Raytheon Technologies Reports Third Quarter 2020 Results, Raytheon Technologies Board of Directors Declares Quarterly Cash Dividend, Raytheon Technologies to release third quarter results on October 27, 2020. United Technologies shareowners will continue to hold their shares of United Technologies common stock, which now constitute shares of common stock of Raytheon Technologies Corporation. Raytheon Technologies shares began trading after Raytheon and United Technologies merged. Additional leadership biographies are available on the company’s website. Click here to find out! Its 195,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. Raytheon Technologies has a large, talented workforce to address the rapidly evolving needs of customers globally. "Raytheon Technologies brings together two companies with combined strengths and capabilities that make us uniquely equipped to support our customers and partners during this unprecedented time. These cookies do not allow us to identify you.

Those two stocks began trading Friday as well, under the symbols CARR and OTIS respectively. But Morningstar analyst Joshua Aguilar likes the Carrier and Otis spinoffs. Shares were down 0.9% to 50.26 on the stock market today. "Our platform-agnostic, diversified portfolio brings together the best of commercial and military technology, enabling the creation of new opportunities across aerospace and defense for decades to come. That followed last week's move to lay off 10% of the staff at jet-engine business, and the furlough of half of the maintenance and repair employees. Upon closing of the merger, United Technologies’ name has changed to "Raytheon Technologies Corporation," and its shares of common stock will begin trading today on the NYSE under the ticker symbol "RTX." You are now leaving RTX.com and entering a website that RTX does not control. Raytheon Technologies (RTX), formerly known as United Technologies, debuted on the Dow Jones Industrial Average Friday after the closing of its massive merger. © 2020 TheStreet, Inc. All rights reserved. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see the reports of RTC, UTC and Raytheon on Forms S-4, 10-K, 10-Q and 8-K filed with or furnished to the Securities and Exchange Commission from time to time. Raytheon Technologies Deepens Cuts As Aviation Sales Plunge, Pentagon Delays This Key Decision On The F-35 — Again, Boeing To Report Another Tough Quarter But Watch For This Sign Of Improvement, Looking At Put Options On GE For A Bearish Option Trade, Is Raytheon Stock A Buy As Elite Status Fades? The latest Biden vs. Trump poll suggests the race has become competitive. On Thursday, General Electric (GE) said it would furlough half of its aviation unit's engine manufacturing staff. At last check, Raytheon Technologies shares traded at $49.79, Carrier at $14.76 and Otis at $47.28.

So what? Headquartered in Waltham, Mass., Raytheon Technologies is one of the largest aerospace and defense companies in the world with approximately $74 billion in pro forma 2019 net sales and a global team of 195,000 employees, including 60,000 engineers and scientists. The Best Defense Stocks For Today — And The Future. The industrial giant and Raytheon agreed to merge in June 2019 in a $100 billion all-stock deal. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Read about potential market outcomes post-cure. ", "Today, we introduce Raytheon Technologies as an innovation powerhouse that will deliver advanced technologies that push the boundaries of known science," said Tom Kennedy, Executive Chairman of Raytheon Technologies. The information and content are subject to change without notice.

The standalone Carrier Global (CARR) company makes its debut on the S&P 500 Friday and closed at 15.96.

Get instant access to exclusive stock lists, expert market analysis and powerful tools with 5 weeks of IBD Digital for only $5! Get 2 months of IBD Digital + Print for only $10.31. United Technologies holders control 57% of the company, eight of the new company’s 15 directors come from UTX, and UTX Chief Executive Greg Hayes assumes the same role at Raytheon Technologies . Click ACCEPT to consent to the cookie, otherwise this banner will continue to appear. Raytheon Technologies intends to hold an investor call to discuss United Technologies and Raytheon Q1 results on May 7, 2020 at 8:30am. Here's What Earnings, Chart Say, Defense And Aerospace Stocks To Watch And Industry News, Airline Industry News And Stocks To Watch, Space Industry News And Top Aerospace Stocks. Last year, the industrial conglomerate United Technologies and defense contractor Raytheon agreed to join hands in a $100 billion deal the two billed as a merger of equals. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax rates, R&D spend, other measures of financial performance, potential future plans, strategies or transactions, credit ratings and net indebtedness, other anticipated benefits to RTC of UTC’s Rockwell Collins acquisition, the merger between United Technologies Corporation ("UTC") and Raytheon Company ("Raytheon") or the spin-offs by UTC of Otis and Carrier into separate independent companies (the "separation transactions"), including estimated synergies and customer cost savings resulting from the merger and the separation transactions and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Find real-time RTX - Raytheon Technologies Corp stock quotes, company profile, news and forecasts from CNN Business. "As we move forward, Raytheon Technologies will define the future of aerospace and defense through our focus on innovation, our world-class people and our financial and operational strength to create long-term value for our customers and shareowners. Get market updates, educational videos, webinars, and stock analysis. RTX has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security of this website. The combined company expects to introduce breakthrough technologies at an accelerated pace across high-value areas such as hypersonics, directed energy, avionics and cybersecurity. Not everyone had been impressed with the merger. Get these newsletters delivered to your inbox & more info about our products & services. Otis Worldwide (OTIS), which also debuts on the S&P 500, settled at 47.11. These forward-looking statements are intended to provide Raytheon Technologies Corporation’s ("RTC") management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. BREAKING: Dow Closes Down, At Session Lows. Raytheon Company (NYSE:RTN) shares ceased trading prior to the market open on April 3, 2020, and each share of Raytheon common stock has been converted in the merger into the right to receive 2.3348 shares of United Technologies common stock (previously traded on the NYSE under the ticker symbol "UTX").

2. It comprises four industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. Dan is a freelance writer whose work has appeared in The Wall Street Journal, Barron's, Institutional Investor, The Washington Post and other publications. Raytheon Technologies’ executive leadership team is comprised of Tom Kennedy, Executive Chairman, Greg Hayes, Chief Executive Officer, and Toby O’Brien, Chief Financial Officer. Media Relations Michele Quintaglie 860.493.4364, Investor Relations Kelsey DeBriyn 781.522.5141, Cautionary Statement Regarding Forward-Looking Statements. Spooky savings for a limited time! From time to time, oral or written forward-looking statements may also be included in other information released to the public. Boeing stock rose 1.1% Friday.  Amgen and Gilead report as they also develop Covid-19 drugs, while Visa and Mastercard are also due.

Raytheon Technologies shares began trading after Raytheon and United Technologies merged. “Raytheon brings very little applicable technology to [United Technologies] aerospace offerings,” Loeb wrote in a letter to United Technologies’ board. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Ownership data provided by Refinitiv and Estimates data provided by FactSet. The spinoffs will “unlock considerable shareholder value based on our sum of the parts analysis,” he wrote in a report. The stock of Carrier and Otis, units spun off by United Technologies, also began changing hands. These cookies do not allow us to identify you.



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