Raytheon Technologies Corp. RTX
United Technologies Corp. (UTX) is a global provider of high technology products and services to the building systems and aerospace industries. The company operates through four reporting segments: Otis elevators; UTC Climate, Controls & Security; Pratt & Whitney; and UTC Aerospace Systems. The company operates through a franchisee of global brands including Otis Elevators & Carrier Air Conditioning as well as Pratt & Whitney.
Following the Spinoffs of CARR and OTIS in April 2020, UTX and Raytheon Co. (RTN) will merge at a ratio of 2.3348:1 (for RTN shareholders) and 1:1 (for UTX shareholders) to form the new Parent-merged entity Raytheon Technologies Corp. (RTX).