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The Ratings Game: Raytheon, United Tech merger would create aerospace and defense ‘behemoth’

Wall Street greeted the potential merger between Raytheon Co. and United Technologies Corp. as the future of aerospace and defense markets, but Washington put it under a dark cloud as President Donald Trump expressed some reservations about the deal.

Raytheon RTN, +1.79% and United Technologies UTX, -1.81%announced the deal on Sunday, and the combined company, valued roughly at around $166 billion and more than $70 billion in revenue, would be No. 2 in aerospace and defense by sales, behind Boeing Co. BA, +0.82%

Their combined heft is expected to give them more leverage both with customers and suppliers.

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