A deal with Raytheon would extend the transformation of United Technologies under Chief Executive Officer Greg Hayes, who is already planning to spin off the company’s Carrier climate-controls and Otis elevator operations. With Raytheon, Hayes would double down on aerospace and defense after last year completing the $23-billion acquisition of Rockwell Collins, a provider of touchscreen cockpit displays and other aircraft parts.

Source: Los Angeles Times June 09, 2019 18:45 UTC