Big merger - Raytheon and UT
- Senior member
- Posts: 462
- Joined: 21 Jul 2014, 19:28
United Technologies aerospace and defense contractor Raytheon will officially merge.
The combined company will be called Raytheon Technologies.
https://www.theverge.com/2019/6/9/18658 ... tor-merger
The deal will see United Technologies, which produces airplane components and is made up of Collins Aerospace and Pratt & Whitney, merge with Raytheon, which manufactures everything from missiles to communications equipment for the military. The deal is expected to close in the first quarter of 2020, and doesn’t include two of United Technologies’ subsidiaries, Otis Elevators, and Carrier, which will both be spun off into different companies next year.
The combined company will be called Raytheon Technologies.
https://www.theverge.com/2019/6/9/18658 ... tor-merger
The deal will see United Technologies, which produces airplane components and is made up of Collins Aerospace and Pratt & Whitney, merge with Raytheon, which manufactures everything from missiles to communications equipment for the military. The deal is expected to close in the first quarter of 2020, and doesn’t include two of United Technologies’ subsidiaries, Otis Elevators, and Carrier, which will both be spun off into different companies next year.
- Elite 1K
- Posts: 1751
- Joined: 31 Dec 2010, 00:44
- Location: San Antonio, TX
Don't know how I feel about all these mergers.
- Elite 5K
- Posts: 5332
- Joined: 20 Mar 2010, 10:26
- Location: Parts Unknown
Too much expertise, power etc in one place. Removes competition, which is part of the fundamental success story that is capitalism.
We are already down to 2 (big) defense contractors for fighters. If the consolidation keeps up, it's going to bite us in the end. Let's say you put specs out for PCA. Lockheed Martin comes in with a proposal, and Boeing does too. They both meet specs but are radically different in appearance and how they achieve those specs. The loser isn't always. Look at what the YF-17A morphed into for the Navy.
Once you have just one group of engineers arriving at one solution, you've lost something that's priceless - competition. Look at what Northrup/McDonnell Douglas came up with for the ATF. I'm not going to argue which plane was superior, but the YF-23A could have paved the way for even more advanced technologies. Hopefully, it exists and is flying in some form or fashion today, as was previously alluded to.
Without competition, it would have never been built..
We are already down to 2 (big) defense contractors for fighters. If the consolidation keeps up, it's going to bite us in the end. Let's say you put specs out for PCA. Lockheed Martin comes in with a proposal, and Boeing does too. They both meet specs but are radically different in appearance and how they achieve those specs. The loser isn't always. Look at what the YF-17A morphed into for the Navy.
Once you have just one group of engineers arriving at one solution, you've lost something that's priceless - competition. Look at what Northrup/McDonnell Douglas came up with for the ATF. I'm not going to argue which plane was superior, but the YF-23A could have paved the way for even more advanced technologies. Hopefully, it exists and is flying in some form or fashion today, as was previously alluded to.
Without competition, it would have never been built..
At first glance it looks like a vertical merger between two companies with complementary product lines. Resulting entity should be more competitive.
"When a fifth-generation fighter meets a fourth-generation fighter—the [latter] dies,”
CSAF Gen. Mark Welsh
CSAF Gen. Mark Welsh
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