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The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation.
During 2018, the company had around 67,000 employees worldwide and annual revenues of approximately US$25.35 billion. More than 90% of Raytheon's revenues were obtained from military contracts and, as of 2012, it was the fifth-largest military contractor in the world.
The president of the United States is the head of state and head of government of the United States, [1] indirectly elected to a four-year term via the Electoral College. [2] The officeholder leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces. [3]
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