Raytheon, United Technologies Merger Will Create A New Aerospace Giant
I used to work at Raytheon.  The one weird thing about the defense business is how few businesses and they end up making strange alliances.<p>We were parters with Boeing on the project I worked on, but bidding against them on other projects.<p>Raytheon got rid of all its commercial ventures, Amana appliances, RayMarine, Beech aircraft and anything competing in the private sector was spun off.  There corporate structure had a lot of legacy from previous mergers (before my joining) which seemed to be stuck at 85% complete.<p>I can't see how this merger isn't going to set off anti-trust alarm bells in washington, but these companies are well connected.