Raytheon Technologies finds buyer for final required sale
By
Ross Wilkers
With the merger behind it, Raytheon Technologies can now check off the final divestiture the company had to make from its to-do list.
Raytheon Technologies has found a buyer for the third business that federal antitrust regulators said it had to sell as a condition of its April merger.
In a release Monday, Amergint Technologies said it will acquire the space-based precision optics business of Raytheon Technologies. Terms of the transaction were undisclosed and the deal is subject to its own regulatory approval.
The Danbury, Connecticut-based optics business makes electro-optical systems for national security space and defense survivability missions. The unit is part of Collins Aerospace, which was a unit of the former United Technologies Corp. and now is one of four Raytheon Technologies business segments.
Amergint is headquartered in Colorado Springs, Colorado, and provides software-defined technology to space customers in the military, intelligence and commercial segments. The 12-year-old company touts its products as helping to manage the capture, processing, transportation and usage of mission data for communication and data links.
BAE Systems’ U.S. subsidiary was lined up in January as the buyer of the Collins Aerospace military GPS business and Raytheon airborne tactical radio division, both of which the Justice Department required divestitures of as a precondition for the Raytheon-UTC merger to go forward.
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