United Technologies CFO Defends Raytheon Deal - Financial Investment News -BoardProspects

United Technologies CFO Defends Raytheon Deal

Financial Investment News Jul 23 2019 BoardNews

Investors haven’t seemed happy about United Technologies’ blockbuster deal to merge its aerospace division with defense contractor Raytheon. But United Tech’s latest quarterly results show shareholders have no reason to worry, according to the industrial conglomerate’s CFO. CFO Akhil Johri is excited by the potential Raytheon merger benefits and believes the market may be missing several key benefits. To start, he highlighted United Tech’s strong record for past deals...
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Quotes
1. We are growing faster than the overall market because past investments are paying off.
2. We [recently] took our [Collins] cost savings estimates up from $500 to $600 million.
3. We are [integrating] Collins successfully and we did it with Goodrich
Topics Mentioned
- CEO
- Board of Directors
- technology
- Investors
- acquisition
- United Technologies
- Dow
- CFO
- Raytheon
- Merger
- earnings
Authors
- Al Root