Thesis
Over this past weekend, United Technologies Corporation (UTX) and Raytheon Company (RTN) announced that they were merging in an all-equity transaction subject to approvals. The combined company will be known as Raytheon Technologies Corporation. The merger creates an investment opportunity for those seeking both dividend growth and capital appreciation. United Technologies has a 25-year history of growing the dividend. In addition, United Technologies has a recent track record of successfully acquiring other large aerospace and defense companies. At the same time, United Technologies will divest large business subsidiaries through future