The acquisition of Raytheon (RTN) by United Technologies (UTX) has been completed ending the stock market listing of Raytheon. Last June UTX offered to buy RTN for $89.794 billion.

On competion, the merged entity was renamed Raytheon Technologies (RTX) with the former UTX and RTN owning 57% and 43% stakes respectively in the new company.

Last month United Technologies also spun-off its elevator and escalator business Otis Worldwide Corp (OTIS) and HVAC business Carrier Global Corp (CARR).

Raytheon (RTN) last raised its quarterly dividend by 8.6 percent to $0.8425 per share in the first quarter of 2019, marking the 15th consecutive year of dividend increases by the defense company.

Raytheon Company develops products, services and solutions for defense and other government markets worldwide. The company's business segments are: Integrated Defense Systems, Intelligence, Information and Services, Missile Systems, Space and Airborne Systems and Forcepoint. Raytheon serves both domestic and international customers primarily as a prime contractor or subcontractor on defense and related programs for government customers. Raytheon was founded in 1922 and had raised its dividend every year since 2005.