Raytheon Technologies
Raytheon and United Technologies completed their merger amid the pandemic in 2020, giving birth to Raytheon Technologies, which is a defense and aerospace company. However, it somehow decreased its luster in the third quarter of 2020 and wasn’t so much favored by big investors.
Despite this, Soroban Capital Partners, based in New York, still trusted Raytheon Technologies and bought 1.6 million shares, a 12-percent increase in its stake. This makes up for 8.1 percent of the Waltham, Massachusetts-headquartered brand’s portfolio. In January 2021, the conglomerate revealed its fourth-quarter sales of $16.4 billion.
