Article thesis
Raytheon (RTN) and United Technologies (UTX) announced that they aim to merge their businesses in order to create one of the world's largest aerospace & defense companies.
The deal makes sense both strategically, as it allows the combined company to capture a larger amount of the earnings created along the value chain and as it makes the combined company an even more dominant and important supplier.
On top of that, the deal also makes sense financially, as capturing synergies will create billions in value for shareholders, while a better