WASHINGTON—United Technologies and Raytheon agreed to a merger, which if successful could lead to a $74 billion aerospace and defense powerhouse that provides a wider array of aircraft engines, parts, avionics, interiors, missiles and cyber technology than any other company. According to a June 9 announcement, the proposed Raytheon Technologies would be created via a stock exchange deal that could close in the first half of 2020, but after United Technologies spins off its Carrier air ...

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