United Technologies and defense contractor Raytheon will officially merge

United Technologies aerospace division will officially merge with defense contractor Raytheon to form a new company called Raytheon Technologies Corporation next year. Word of the deal was first reported by The Wall Street Journal this morning.The deal will see United Technologies, which produces airplane components and is made up of Collins Aerospace and Pratt & Whitney, merge with Raytheon, which manufactures everything from missiles to communications equipment for the military. The deal