BA - National Security Concerns May Obstruct The United Technologies-Raytheon Merger
Introduction
News of mergers and acquisitions normally draws in significant attention, especially when the value of the combined company exceeds $100B, such is the case for the proposed merger of United Technologies (UTX) and Raytheon (RTN). Deals of this size always face significant scrutiny by the government’s anti-trust regulators as well as big-name investors who see few benefits. Interestingly in this case the merger has caught the attention of the United States Air Force, with a senior member responsible for equipment acquisitions expressing concerns that the defense industry’s consolidation poses a