Raytheon Co., the 98-year-old defense contractor headquartered in Waltham, will merge with Connecticut-based United Technologies in an all-stock deal that’s likely to create the state’s new largest public company by headcount, revenue and market value.

Raytheon (NYSE: RTN) and UT (NYSE: UTX) announced the planned merger on Sunday, saying the combined firm will remain based in the Boston area. A spokesperson for Raytheon said there’s “nothing more definitive” on Sunday evening regarding whether…

Boston Biz Journal https://www.bizjournals.com/boston/news/2019/06/09/raytheon-to-merge-with-united-tech-likely-becoming.html?ana=RSS&s=article_search