Markets

Raytheon and United Technologies are planning a merger that would create a $120 billion American aerospace and defence juggernaut

United Technologies and Raytheon, two of the world’s largest aerospace and defence companies, have agreed to join forces. The combined company, Raytheon Technologies, could command a market capitalisation of $US120 billion and generate $US74 billion in annual revenues. Shares of both companies are rallying in premarket trading – United Technologies […]
Raytheon and United Technologies are planning a merger that would create a $120 billion American aerospace and defence juggernaut
Markets

The next big thing in aeroplane tech is becoming a nightmare for some airlines

Pratt & Whitney‘s new PurePower geared turbofan engines are designed to be cleaner, quieter, more powerful, and more fuel-efficient than existing jet engines. The engines will power the next generation of narrow-body airliners from Airbus, Bombardier, Embraer, Mitsubishi, and United Aircraft Corp. But the engines have been plagued by a […]
The next big thing in aeroplane tech is becoming a nightmare for some airlines