RTX RTX Corporation

   By Matt Grossman 
 

Raytheon Technologies Corp. shares traded higher on Wednesday, continuing a climb since the completion of a merger last week.

Shares of the aviation and defense manufacturer rose nearly 10% to $63.47 in recent trading.

The stock has now risen more than 27% since Friday, when Raytheon Technologies was created as the result of a merger of equals between United Technologies Corp. and Raytheon Co.

Raytheon Co. shares stopped trading on April 3 and the company's stock was converted to the right to receive shares of United Technologies. Legacy United Technologies stock now trades as Raytheon Technologies.

Legacy Raytheon Co. business lines include an intelligence and space division, and a missiles and defense division.

The combined company also includes Collins Aerospace Systems, which makes airplane components, and Pratt & Whitney, which makes aircraft engines.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

April 08, 2020 13:56 ET (17:56 GMT)

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