UTC, Raytheon Tie-up Gets Conditional DOJ Approval
DOJ approval is contingent upon sales of Raytheon’s military airborne radios business, as well as UTC’s GPS and optical systems businesses.

The United Technologies Corp. (UTC) and Raytheon merger took a step forward yesterday with Department of Justice conditional approval that is contingent upon the sale of Raytheon’s military airborne radios business and UTC’s GPS business. In addition, under the DOJ conditions for approval, UTC must sell its optical systems business in Danbury, Connecticut.


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