On April 3, 2020, Raytheon Technologies Corporation (formerly known as United Technologies Corporation) (the “Company” or “RTC”) issued
a press release announcing the completion of the Merger (as defined below) contemplated by the Agreement and Plan of Merger, dated as of June 9, 2019, and amended as of March 9, 2020, by and among the Company, Light Merger Sub Corp., a Delaware
corporation and wholly owned subsidiary of the Company, and Raytheon Company, a Delaware corporation (“Raytheon”), pursuant to which Merger Sub merged with and into Raytheon (the “Merger”), with Raytheon surviving as a wholly owned subsidiary of
the Company. In connection with the Merger, the Company’s name was changed to Raytheon Technologies Corporation and its common stock is listed on the New York Stock Exchange under the symbol “RTX.”
A copy of this press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K, is incorporated by reference
herein and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by
reference into any filing by the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
The Company, as a global company, is impacted by public health crises such as the global pandemic associated with COVID-19, a possibility the Company
disclosed in its risk factors included in the Company’s Form 10-K filed on February 6, 2020 (under its former name United Technologies Corporation).
The COVID-19 pandemic has significantly increased global economic and demand uncertainty. Public and private sector policies and initiatives in the
U.S. and worldwide to reduce the transmission of COVID-19, such as the imposition of travel restrictions and the adoption of remote working, have impacted RTC’s business, operations and the aerospace sector as a whole. RTC is working to protect
its employees, maintain business continuity and sustain its operations, including ensuring the safety and protection of its employees working in our offices, manufacturing and service facilities worldwide.
The COVID-19 pandemic may also impact RTC’s supply chains, including the ability of suppliers and vendors to provide their products and services to
RTC. COVID-19 has impacted and may further impact the broader economies of affected countries, including negatively impacting economic growth, and creating volatility and unpredictability in financial and capital markets, foreign currency
exchange rates, and interest rates. For example, in recent weeks, the continued spread of COVID-19 has led to disruption and volatility in the global capital markets, which increases the cost of capital and adversely impacts access to capital.
The financial impact of the COVID-19 pandemic cannot be reasonably estimated at this time but may materially affect RTC’s business, financial
condition, results of operations and cash flows. The extent of such impact depends on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the scope, severity and duration
of the COVID-19 pandemic and actions to contain its spread or treat its impact, among others.
As a result, RTC is withdrawing the Collins Aerospace and Pratt & Whitney financial outlooks for 2020 provided in the press release furnished as
Exhibit 99.1 to its Current Report on Form 8-K filed on January 28, 2020. Given the ongoing uncertainty regarding the scope, severity and duration of the COVID-19 pandemic, RTC is not providing an updated outlook for these businesses at this
time. RTC expects to provide further information in its first-quarter earnings announcement and conference call expected to be held on or about May 7, 2020.
The information contained in Item 7.01 of
this Current Report on Form 8-K is being furnished to the U.S. Securities and Exchange Commission and shall not be deemed filed for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section
and shall not be deemed to be incorporated by reference into any filing by the Company under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.