Deals
Pentagon Has Limited Clout on Raytheon-United Technologies Deal
- Justice Department or FTC to get advice from top weapons buyer
- Defense Department acquisitions chief is studying the impact
Photographer: Luke MacGregor/Bloomberg
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Raytheon Co.’s planned merger with United Technologies Corp. is under Pentagon review even though military leaders won’t get to make the call on approving one of the biggest defense industry deals ever.
“Under Secretary Ellen Lord is engaging with industry leadership to understand the implications and governance as a result of this acquisition,” Lieutenant Colonel Mike Andrews, a department spokesman, said, referring to the Pentagon’s acquisition chief in a statement Monday.