United Technologies’ Raytheon Deal Wins U.S. Antitrust Approval

  • New company will emerge as a defense and aerospace giant
  • UTC plans to spin off its elevator, air conditioning units

Photographer: Simon Dawson/Bloomberg

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United Technologies Corp. won U.S. antitrust approval for its acquisition of Raytheon Co., a deal that will create an aerospace and defense giant.

The Justice Department’s antitrust division signed off on the deal after the companies agreed to sell assets to resolve competition concerns stemming from the tie-up, according to court papers filed Thursday in Washington.