The handwriting is on the wall as Farmington, Connecticut-based United Technologies has agreed to merge with Waltham, Massachusetts-based Raytheon in an all-stock deal to create the second largest defense contractor (Boeing is number one) in the nation which may pose significant risk to employees in duplicative functions, not to mention employees of the companies that will be divested. The pressure to restructure, cut costs, and please Wall Street as the companies assume $28 billion in debt will be enormous.
The new company will be called Raytheon Technologies Corp. with the merger expected to close in the first half of 2020, following regulatory and shareholder approvals and the divestiture of Otis Elevator and Carrier Air Conditioning as separate entities.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
