The US DoJ requires divestitures in merger of two national defence contractors in order to address vertical and horizontal antitrust concerns (United Technologies Corporation / Raytheon)

Justice Department Requires Divestitures in Merger Between UTC and Raytheon to Address Vertical and Horizontal Antitrust Concerns* Divestitures Will Preserve Competition in the United States for Military Airborne Radios, Military GPS Systems, and Reconnaissance Satellite Components The Department of Justice announced today that it is requiring United Technologies Corporation (UTC) and Raytheon Company (Raytheon) to divest Raytheon’s military airborne radios business and UTC’s military global positioning systems (“GPS”) and large space-based optical systems businesses in order to proceed with their proposed merger. Without these divestitures, the merger would eliminate competition between two of the primary suppliers of military airborne radios and military GPS systems to the Department

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US Department of Justice Antitrust Division, The US DoJ requires divestitures in merger of two national defence contractors in order to address vertical and horizontal antitrust concerns (United Technologies Corporation / Raytheon), 26 March 2020, e-Competitions March 2020, Art. N° 95069

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