Top Stories
Top Stories
Wires

Pentagon in talks with industry on United Technologies and Raytheon merger - statement

statement@

WASHINGTON, June 10 (Reuters) - Pentagon leadership is engaging with industry leadership to understand the implications of the United Technologies Corp merger with Raytheon Co , a Pentagon official said on Monday.

"Under Secretary of Defense for Acquisition and Sustainment Ellen Lord is engaging with industry leadership to understand the implications and governance as a result of this acquisition," the statement said. Lord is the chief weapons buyer for the Pentagon.

The $121 billion deal, announced on Sunday and expected to close in the first half of 2020, would potentially upend the aerospace sector, creating a conglomerate spanning commercial aviation and defense procurement. The Pentagon would be one of the new company's largest customers. (Reporting by Mike Stone Editing by Nick Zieminski)