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Anthony O'Brien on Balance Between Defense-Commercial, US-International Aspects in Raytheon-UTC Deal

Anthony O'Brien on Balance Between Defense-Commercial, US-International Aspects in Raytheon-UTC Deal - top government contractors - best government contracting event
Anthony O'Brien
Anthony O'Brien on Balance Between Defense-Commercial, US-International Aspects in Raytheon-UTC Deal - top government contractors - best government contracting event
Anthony “Toby“ O'Brien, CFO at Raytheon,

Anthony “Toby“ O'Brien, chief financial officer at Raytheon, said the company's proposed merger with United Technologies Corp. seeks to create a new entity that has its business evenly split between defense and commercial work and between domestic and international areas, Defense One reported Thursday.

“The thing we like about [is] that it's balanced in both those aspects,“ O'Brien told the publication Tuesday at the Paris Air Show.

He said the even split between those aspects “provides resiliency and it allows the company to be a stronger competitor in any cycle.“

“[B]ecause of the financial strength of the company out of the gate, [it] allows us to continue to invest mutually in technologies “” whether it be on the commercial, the defense side or a technology that benefits both “” and at the same time, in parallel continue to shareholders,“ he added.

Raytheon and UTC agreed on an all-stock merger on June 9 to form a platform-agnostic technology company that will operate as Raytheon Technologies. The firms expect to close the transaction in the first half of 2020.

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