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Why Raytheon Technologies Rocketed Higher in April

Lou Whiteman, The Motley Fool
·3-min read
Why Raytheon Technologies Rocketed Higher in April

Raytheon Technologies (NYSE: RTX), the company formed via the merger between defense contractor Raytheon and the aerospace unit of United Technologies, officially began trading on April 3. When United Technologies and Raytheon announced plans to merge in June 2019, the deal was greeted with howls from investors in both companies. United Technologies had built a large and profitable business largely serving the commercial aerospace sector and had benefited from a decade-long surge in new plane orders.

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