What will be the name of the combined company?
The combined company will be named Raytheon
Technologies Corporation and will have the stock ticker NYSE: RTX.
Why was this name chosen?
The name recognizes the
97-year
legacy of the Raytheon brand while recognizing the engineering and technology heritage
of both companies.
What impact do you anticipate this will have on our culture?
UTC has a strong culture focused on integrity, collaboration, innovation, diversity and corporate social responsibility. All familiar values to Raytheon and
our culture. We anticipate the merger will only enhance our culture as we bring the best of both companies together.
Can we start to reach out to our
UTC counterparts?
No. Until the merger is approved and finalized, which we expect to occur in the first half of 2020, the two companies must continue
to operate independently. Please consult with your legal or communications business partner on any questions you have about current and potential relationships with UTC employees or customers.
What should I do if contacted by the media?
This is an
exciting and significant transaction for our industry. It has received, and will likely continue to receive, significant media attention between now and closing. The Communications teams of UTC and Raytheon are closely partnered to facilitate and
handle this media interest. Consistent with Raytheon policy, please forward all investor calls to Kelsey DeBriyn (tel:
781-522-5141
and email:
Kelsey.debriyn@raytheon.com
) and all media inquiries to Corinne Kovalsky (tel:
781-522-5899
and email:
cjkovalsky@raytheon.com
).
Cautionary Statement Regarding Forward-Looking Statements
This communication contains statements which, to the extent they are not statements of historical or present fact, constitute forward-looking
statements under the securities laws. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide Raytheon
Companys (Raytheon) and United Technologies Corporations (UTC) respective managements current expectations or plans for our future operating and financial performance, based on assumptions currently believed
to be valid. Forward-looking statements can be identified by the use of words such as believe, expect, expectations, plans, strategy, prospects, estimate,
project, target, anticipate, will, should, see, guidance, outlook, confident, on track and other words of similar meaning.
Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax rates, R&D spend, other measures of financial performance,
potential future plans, strategies or transactions, credit ratings and net indebtedness, other anticipated benefits of the proposed merger or the spin-offs by UTC of Otis and Carrier into separate independent companies (the separation
transactions), including estimated synergies and customer cost savings resulting from the proposed merger, the expected timing of completion of the proposed merger and the separation transactions, estimated costs associated with such
transactions and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking
statements. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Such risks, uncertainties and other factors include, without
limitation: (1) the effect of economic conditions in the industries and markets in which UTC and Raytheon operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices,
interest rates
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