United Technologies and Raytheon Merger

Companies Promise Unsurpassed Technology and R&D Capabilities
Source:  United Technologies

 Creates a $160 Billion Aerospace/Defense Giant
In a surprise Sunday announcement, United Technologies and Raytheon announced plans to merge.  The new company will be called Raytheon Technologies Corporations and the combination creates a $160 billion global aerospace and defense leader.  The all stock deal is expected to close in the first half of 2020. They say it will generate annual cost savings of $1 billion.  The merger does not include UTC's Otis and Carrier business units which are expected to separate from UTC in 2020.

Merger of Equals
The companies term this a "merger of equals".  The companies  say that by joining forces they have "unsurpassed technology and expanded R&D capabilities" to deliver innovation.  They add the merger will "deliver cost and revenue synergies". The likely headquarters for the new entity is the Boston area. There was some speculation that the two New England based companies were talking, but tonight's announcement that the two global aerospace businesses are merging came as a big surprise.

Comments

Post a Comment

Popular posts from this blog

Navigation Display on Car Dashboard

Image
VIZR & Smartphone Advanced Display Source: VIZR Heads-Up Display Gadget VIZR is an advanced navigation display that grips to the car dashboard. You put your smartphone on VIZR and it turns your smartphone into a transparent display that lets you navigate and drive while never taking your eyes off the road.  The heads-up display (HUD) uses the same technology that fighter pilots use to stay focused.  The system offers a number of apps to view such as navigational tools like GPS, street maps, traffic conditions and speed. Distracted Driving Over 424,000 drivers are injured yearly by distracted driving.  For instance, by looking back and forth between a screen on the car seat and the road.  This new piece of smart gadget technology is designed to change the dynamic and enable the driver to navigate and keep their eyes on the road for greater driving safety.
Read more

E-Friendly Paddleboard Easy Eddy

Image
New Modular Paddleboard that's Good for the Environment Source:  Easy Eddy Easy Eddy Easy Eddy is a modular, standup paddleboard that breaks into three parts for easy handling, transport and storage.  It's specifically designed to overcome the cumbersomeness of bulky traditional boards. . Massachusetts based startup Artech's water paddleboard is a  new, green innovation. It's made from reclaimed and recyclable polyethylene, making it good for the environment. The board is ten feet long and takes less than 60 seconds to snap together. Enjoying the Environment and Not Hurting the Environment Easy Eddy weighs 37 pounds and fits into most cars, SUVs and boats. And it can support weights up to 200 pounds. Among the features included with the board are an action-cam mount, full length deck pad, sealed storage compartment, water bottle receptacle and bungie straps to secure items onboard.  Artech is in the kickstarter phase with Easy Eddy.  The planned retail price
Read more

Netting a Drone - US Army Countermeasure

Image
US Army Invention - Drone Defense Source:  US Army Drone Netting Device Drone Netting Grenade U.S Army researchers have created a 40 mm grenade to protect the armed forces from menacing, enemy or rogue drones.  The defensive drone grenade takes out the drone with a weighted net. Countermeasure - Net Bagging a Drone The net is spring loaded and ejects from the front of the grenade when it nears the drone target.  The net can be triggered remotely by a person on the ground or automatically by an onboard proximity sensor. Drone Defense The net springs open to 30 feet in diameter.  It traps the drone, causing it to fall to the ground.  Word of this new drone defensive technology has just been released.  For more news stories on important innovations, go to  amazon.com/author/ekane
Read more