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Raytheon and United Technologies announce merger

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American defence and aeronautics heavyweights Raytheon and United Technologies announced on Sunday that they have agreed to merge, the companies said in a joint statement.

[WASHINGTON] American defence and aeronautics heavyweights Raytheon and United Technologies announced on Sunday that they have agreed to merge, the companies said in a joint statement.

"The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defence," the statement said, adding that the new company is expected to have around US$74 billion in sales this year.

AFP

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