United Technologies Corp.’s planned purchase of Raytheon Company, announced over the weekend, is spurring lawmakers and the White House to ask questions on how the merger would limit competition in the defense industry.
Over the weekend, United Technologies (UTC) announced its plan, pending regulatory and shareholder approval, to purchase Raytheon in an all-stock deal. The new firm will be known as Raytheon Technologies and focus on government contracts, especially drawing on each company’s...