Despite an imminent move from its headquarters to Boston, the Massachusetts area, United Technologies CEO Gray Hays, United Technologies, FOX Business said that perceptions for leaving Connecticut over high taxes are "patent fake".
"The rational for this was as a merger of equal ones we compromise. We make compromises on the name. We make compromises on the composition of the board. We make compromises on the site of the head office," he told Maria Bartiromo on Wednesday and added that It will remain a "big, big base" for the company.
"Moving from Connecticut to Massachusetts, it's not like you're going from high cost to low cost. In fact, we believe there is a huge talent base in the Boston area that will help us in long term when it comes to recruiting talent but it's not about Connecticut being a bad place to invest or a bad place to why, "he explained.
Raytheon and United Technologies announced plans to merge into a stock trading, which they call a merger of equals, creating a company called Raytheon Technologies Corporation which is expected to have a turnover of $ 74 billion annually.
Raytheon produces defense technology and Tomahawk missiles and United Technologies manufactures Pratt & Whitney engines that operate Airbus A320neo, Airbus A220-1
Pratt & Whitney is currently headquartered in Connecticut.