Raytheon and United Technologies are reportedly in talks to merge in an all-stock deal

Raytheon and United Technologies are in talks to merge: WSJ

The companies could announce a deal in the coming days, the Journal reported. Raytheon and United Technologies have a combined of about $166 billion.

The combination is expected to be presented as a merger of equals and would not impact United Technologies' plans to spin off its Otis elevator and Carrier building-systems businesses, the person told the Journal. United Technologies CEO Greg Hayes is expected to lead the combined company. Raytheon CEO Thomas Kennedy would be the chairman.

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