Raytheon Technologies Mergers and Acquisitions Summary

Diversified Company

Raytheon Technologies has acquired 20 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 16 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 12 different US states, and 3 countries. The Company’s most targeted sectors include safety/security (28%) and aerospace (17%).

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 Activity34
    • M&A Buy Activity18
    • M&A Sell Activity16
  • Total Sectors Invested 10
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 21
  • M&A Advisors 8

Raytheon Technologies Corp.

10 Farm Springs Road,
Farmington, Connecticut 06032
United States,
(860) 728-7000
www.rtx.com

Raytheon Technologies Corporation 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. Raytheon Technologies was formed in 1934 and is based in Farmington, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 15 - 1 1 1 - 18
vol $30.1B $30.0B $60.1B
Sell (1.0/yr) # 11 - 1 - 1 3 16
vol $18.9B $18.9B
  34

Most Recent M&A

Company Date Value Type
Raytheon Technologies Corp. - Space-Based Precision Optics Business 2020-04-20 - Divestiture
Danbury, Connecticut
Otis Worldwide Corporation 2020-04-03 - Spin Off
Farmington, Connecticut · www.otis.com
Carrier 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
MobileView 2017-11-30 - Divestiture
, United States · www.mobileviewvideo.com
Rockwell Collins, Inc. 2017-09-04 30.0B USD Add-on Acquisition
Cedar Rapids, Iowa · www.rockwellcollins.com
Sikorsky Aircraft Corp. 2015-07-20 9.0B USD Divestiture
Stratford, Connecticut · www.sikorsky.com
Precision Engine Controls Corp. 2015-01-06 44M USD Divestiture
San Diego, California · www.precisioneng.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    - UTC Aerospace Systems - In-Flight Entertainment (IFE) business 2019-01-23 1
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    - N2 Imaging Systems LLC 2015-12-02 2
Charlotte, North Carolina · www.utcaerospacesystems.com Irvine, California · www.n2imaging.com
Pratt & Whitney    - Pratt & Whitney - Global Services Engineering Asia 2015-07-22 1
East Hartford, Connecticut · www.prattwhitney.com , Singapore
UTC Climate, Controls & Security Systems    - Forney Corp. 2013-07-18 1
Farmington, Connecticut · www.utcclimatecontrolssecurity.com Addison, Texas · www.forneycorp.com

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 3 (17%) - 5 (31%) 7.0B (37%)
Safety/Security 5 (28%) 6.2B (10%) 2 (13%) -
Aerospace 3 (17%) 22.7B (38%) 4 (25%) 9.6B (51%)
Renewable Energy 1 (6%) - 1 (6%) -
Technology Hardware 1 (6%) 916M (2%) 1 (6%) -
Defense 1 (6%) - - -
Electrical Equipment 1 (6%) - - -
Electronics 1 (6%) 30.0B (50%) - -
Information Technology 1 (6%) - - -
Semiconductors 1 (6%) 345M (1%) - -
Automotive - - 1 (6%) 2.3B (12%)
Business Services - - 1 (6%) -
Manufacturing - - 1 (6%) 95M (1%)
Total 18 $60.1B 16 $18.9B

By Geo

State/Country Buy Value Sell Value
United States 15 58.2B 14 15.4B
  Connecticut 2 - 5 9.0B
  Iowa 2 30.0B 1 -
  Florida 2 2.0B 1 -
  California 1 - 2 594M
  New York 1 400M 1 -
  New Jersey 1 2.8B 1 -
  Texas 1 - - -
  North Carolina 1 18.4B - -
  Massachusetts 1 - - -
  Illinois 1 4.3B - -
  Georgia 1 - - -
  Michigan - - 1 2.3B
  Colorado - - 1 3.5B
United Kingdom 2 1.9B 1 95M
Luxembourg - - 1 3.5B
Sweden 1 - - -
Domestic 15 (83%) 58.2B (97%) 14 (88%) 15.4B (81%)
Cross-border 3 (17%) 1.9B (3%) 2 (13%) 3.6B (19%)
Total 18 $60.1B 16 $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
5
Linklaters LLP
1

Deal Values

buy # Total
> $1B 6 $58.3B
$100M to $1B 4 $1.8B
TOTAL $60.1B
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
PE Firm(s)
57%
4 57%
Strategic(s)
43%
3 43%
Divested to
PE Firm(s)
56%
9 56%
Strategic(s)
44%
7 44%

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