Raytheon recently merged with United Technologies to form the third largest aerospace and defense company in the world by revenue.
Raytheon Technologies is a unique aerospace and defense company since it has a vertical integration business model. Raytheon Technologies has four subsidiaries.
Pratt & Whitney makes aircraft engines, Collins Aerospace makes other aircraft parts while the other two subsidiaries are involved with the actual aerospace and defense.
The merger happened at a very bad time when the civil aviation industry has been hit by the pandemic and the stock price of Raytheon Technologies is still down considerably from all time high.
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