Raytheon Technologies Mergers and Acquisitions Summary

Diversified Company

Raytheon Technologies has acquired 23 companies, including 5 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 18 assets.

Raytheon Technologies’ largest acquisition to date was in 2017, when it acquired Rockwell Collins for $30.0B. It’s largest disclosed sale occurred in 2015, when it sold Sikorsky Aircraft to Lockheed Martin for $9.0B. Raytheon Technologies has acquired in 14 different US states, and 3 countries. The Company’s most targeted sectors include safety/security (24%) and aerospace (20%).

Join Mergr and gain access to Raytheon Technologies’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the diversified sector.

M&A Summary

  • M&A Total Activity39
    • M&A Buy Activity21
    • M&A Sell Activity18
  • Total Sectors Invested 11
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 23
  • M&A Advisors 8

Raytheon Technologies

Raytheon Technologies Corp.

870 Winter Street,
Waltham, Connecticut 02451
United States,
(781) 522-3000
www.rtx.com

Raytheon Technologies is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.0/yr) # 16 1 1 1 1 1 21
vol $30.3B $30.0B $60.3B
Sell (1.4/yr) # 11 1 - 1 4 1 18
vol $18.9B $18.9B
  39

Most Recent M&A

Company Date Value Type
SEAKR Engineering, Inc. 2021-09-14 - Add-on Acquisition
Centennial, Colorado · www.seakr.com
Raytheon Technologies - Defense Training & Mission Critical Solutions Business Lines 2021-09-10 - Divestiture
Waltham, Connecticut
Blue Canyon Technologies, Inc. 2020-11-10 - Add-on Acquisition
Boulder, Colorado · www.bluecanyontech.com
Raytheon Technologies Corp. - Collins Aerospace Military Global Positioning System (GPS) Business 2020-07-31 - Divestiture
Farmington, Connecticut
Raytheon Technologies Corp. - Space-Based Precision Optics Business 2020-04-20 - Divestiture
Danbury, Connecticut
Otis Worldwide Corp. 2020-04-03 - Spin Off
Farmington, Connecticut · www.otis.com
Carrier Global Corp. 2020-04-03 - Spin Off
Farmington, Connecticut · www.carrier.com
Unitec Elevator Co. 2019-09-10 - Divestiture
Ozone Park, New York · www.unitecelevator.com
Raytheon Co. 2019-06-09 - Merger
Waltham, Massachusetts · www.raytheon.com
Predikto, Inc. 2018-08-21 - Add-on Acquisition
Atlanta, Georgia · www.predikto.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Collins Aerospace    - Collins Aerospace - Global Positioning System (GPS) & Raytheon’s Airborne Tactical Radios (ATR) Business. 2020-01-20 1
West Palm Beach, Florida · www.collinsaerospace.com West Palm Beach, Florida
UTC Aerospace Systems    - N2 Imaging Systems LLC 2019-02-15 3
Charlotte, North Carolina · www.utcaerospacesystems.com Irvine, California · www.n2imaging.com
UTC Aerospace Systems    - UTC Aerospace Systems - In-Flight Entertainment (IFE) business 2019-01-23 2
Charlotte, North Carolina · www.utcaerospacesystems.com , United States
UTC Climate, Controls & Security Systems    - Taylor Co. 2018-05-18 2
Farmington, Connecticut · www.utcclimatecontrolssecurity.com Rockton, Illinois · www.taylor-company.com
Pratt & Whitney    - Asian Compressor Technology Services Co. Ltd. 2017-10-27 2
East Hartford, Connecticut · www.prattwhitney.com Taoyuan Hsien, Taiwan
Rockwell Collins, Inc. 2017-09-04 Wilkens Weather Technologies LP 2017-09-29 1
Cedar Rapids, Iowa · www.rockwellcollins.com Houston, Texas · www.wilkensweather.com
Carrier Transicold    - Westport Fuel Systems, Inc. - Select IMPCO Road and Rail Transport Product Lines 2017-04-17 1
, United States · www.carrier.com Vancouver, British Columbia
UTC Climate, Controls & Security Systems    - Wipro EcoEnergy 2017-03-06 2
Farmington, Connecticut · www.utcclimatecontrolssecurity.com East Brunswick, New Jersey · www.wiproecoenergy.com
UTC Aerospace Systems    - Walbar Engine Components LLC 2016-09-09 1
Charlotte, North Carolina · www.utcaerospacesystems.com Chandler, Arizona · walbarenginecomponents.com
Pratt & Whitney    - Pratt & Whitney - Global Services Engineering Asia 2015-07-22 1
East Hartford, Connecticut · www.prattwhitney.com , Singapore

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 4 (19%) 22.7B (38%) 4 (22%) 9.6B (51%)
Machinery 3 (14%) - 5 (28%) 7.0B (37%)
Safety/Security 5 (24%) 6.2B (10%) 2 (11%) -
Defense 2 (10%) - 1 (6%) -
Technology Hardware 1 (5%) 916M (2%) 2 (11%) -
Manufacturing 1 (5%) 210M (< 1%) 1 (6%) 95M (1%)
Renewable Energy 1 (5%) - 1 (6%) -
Electrical Equipment 1 (5%) - - -
Electronics 1 (5%) 30.0B (50%) - -
Information Technology 1 (5%) - - -
Semiconductors 1 (5%) 345M (1%) - -
Automotive - - 1 (6%) 2.3B (12%)
Business Services - - 1 (6%) -
Total 21 $60.3B 18 $18.9B

By Geo

State/Country Buy Value Sell Value
United States 18 58.4B 16 15.4B
  Connecticut 2 - 7 9.0B
  Florida 2 2.0B 1 -
  Colorado 2 - 1 3.5B
  Iowa 2 30.0B 1 -
  California 1 - 2 594M
  New York 1 400M 1 -
  New Jersey 1 2.8B 1 -
  Texas 1 - - -
  South Carolina 1 210M - -
  North Carolina 1 18.4B - -
  Massachusetts 1 - - -
  Illinois 1 4.3B - -
  Georgia 1 - - -
  Michigan - - 1 2.3B
United Kingdom 2 1.9B 1 95M
Luxembourg - - 1 3.5B
Sweden 1 - - -
Domestic 18 (86%) 58.4B (97%) 16 (89%) 15.4B (81%)
Cross-border 3 (14%) 1.9B (3%) 2 (11%) 3.6B (19%)
Total 21 $60.3B 18 $18.9B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
3
Morgan Stanley
2
Goldman Sachs Investment Banking Division
2
Legal Deals
Wachtell, Lipton, Rosen & Katz LLP
6
Linklaters LLP
1

Deal Values

buy # Total
> $1B 6 $58.3B
$100M to $1B 5 $2.0B
TOTAL $60.3B
Largest Rockwell Collins, Inc.
$30.0B (2017-09-04)
sell # Total
> $1B 4 $18.2B
$100M to $1B 1 $550M
< $100M 2 $140M
TOTAL $18.9B
Largest Sikorsky Aircraft Corp.
$9.0B (2015-07-20)

M&A Connections

Deals
Acquired from
Investor(s)
10%
2 (10%)
Strategic(s)
14%
3 (14%)
Divested to
Investor(s)
39%
7 (39%)
Strategic(s)
50%
9 (50%)

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