Raytheon Technologies - M&A Summary and Business Overview

DiversifiedCompany

Raytheon Technologies M&A Summary

Raytheon Technologies has acquired 23 companies, including 3 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%).

Raytheon Technologies Business Overview

Where is Raytheon Technologies headquartered?

Raytheon Technologies is headquartered in Waltham, Connecticut.

What is Raytheon Technologies’ revenue?

Raytheon Technologies disclosed revenue of 56,587M USD for 2020 and 77,046M USD for 2019.

How many employees does Raytheon Technologies have?

Raytheon Technologies has 181,000 employees.

What sector is Raytheon Technologies in?

Raytheon Technologies is a diversified company.

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 19 1 1 - - - 21
vol $60.3B $60.3B
Sell (1.0/yr) # 13 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
Palm Beach Gardens, Florida · 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 - Critical Infrastructure Business 2022-08-09 3
West Palm Beach, Florida · www.collinsaerospace.com Carrolton, Texas
Collins Aerospace    - Collins Aerospace - ARINC Rail Solutions Business 2022-06-16 2
West Palm Beach, Florida · www.collinsaerospace.com West Palm Beach, Delaware
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

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 1 - 6 9.0B
  Florida 3 2.0B 2 -
  Iowa 2 30.0B 1 -
  Colorado 2 - 1 3.5B
  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
 3
Morgan Stanley
 2
Goldman Sachs
 2
Legal Deals
Wachtell, Lipton, Rosen & Katz LLP
 6
Linklaters
 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%)

Company Summary

SECTOR

Diversified

Revenue

56,587   27% 2020
77,046   16% 2019
66,501   12% 2018
59,837   5% 2017
57,244   3% 2016
56,098   4% 2015
57,900   3% 2014
56,600   2% 2013
57,708   4% 2012
55,754   7% 2011
52,275   4% 2010
50,469   12% 2009
56,824   4% 2008
54,759   15% 2007
47,829   12% 2006
42,725   15% 2005
37,445   21% 2004
31,034   11% 2003
28,212   2% 2002
27,897   5% 2001
26,583   11% 2000
24,127   6% 1999
22,809   8% 1998
24,713   6% 1997
23,512   4% 1996
22,802   1995
(millions of USD) Show More Show Less

Employees

181,000

Public

NYSE: RTX

Former Name

United Technologies Corp.

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