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Merger with Raytheon set for Friday, ending 45-year-old conglomerate headquartered in Connecticut

Merger with Raytheon set for Friday, ending 45-year-old conglomerate headquartered in Connecticut United Technologies Corp. and Raytheon Co. announced Monday they will close this week on their merger, creating Raytheon Technologies Corp. headquartered in Waltham, Mass.

UTC, an aviation giant based in Farmington, and Raytheon, a major defense contractor, say they expect to close the deal before the start of trading on the New York Stock Exchange Friday morning. Raytheon will stop trading Thursday and shares of the new company will trade under the ticker symbol RTX.

Connecticut

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