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Raytheon names heads of consolidated units in merger with United Technologies

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Raytheon names heads of consolidated units in merger with United Technologies

Raytheon Co. on Oct. 23 named the future heads of new business units that will be formed upon closing of the company's merger of equals with United Technologies Corp.

Roy Azevedo will be president of the intelligence, space and airborne systems unit, while Wesley Kremer will be president of the integrated defense and missile systems unit. Azevedo is president of Raytheon Space and Airborne Systems, while Kremer is president of Raytheon Missile Systems.

The two new business units are expected to have 2019 sales of approximately $15 billion and $16 billion, respectively.

The announcement follows the appointment of Raytheon CFO Anthony O'Brien as finance chief of the combined company, which will be named Raytheon Technologies.

The merger is expected to close in the first half of 2020, subject to customary closing conditions including the completion of United Technologies' separation of its Otis and Carrier businesses.