There are signs that the US might not give a go-ahead for the merger between Raytheon Co and United Technologies Corp.
President Donald Trump said earlier today that he was a little ‘concerned’ about the merger.
Trump told CNBC that while both companies are greats, he concerned about the competition.
“I want to see that we don’t hurt our competition,” he said.
This is a follow-up to the merger announcement between Raytheon and United Technologies, a deal that will be the largest in the aerospace defense industry.
Should the merger come to fruition, the two companies would have combined annual revenue of $74 billion, the merger will make the new company the second largest aerospace defense manufacturer after Boeing.
The merger deal which has now been estimated at $121 billion will be the biggest in the aerospace and defense industry.
While the merger might not raise any concerns with the US antitrust authorities, it could unsettle the likes of Boeing, Airbus SE as well as the Pentagon who are customers to United Technologies.