Ackman Urges United Technologies to Call Off Raytheon Deal

Ackman opposes the Raytheon-United Technologies deal, questioning its strategic logic and perceiving Raytheon as inferior. Despite his less than 1% stock ownership, he believes he can rally shareholder support. Market reactions were mixed, with shares initially rising but later falling due to Trump's competition concerns and Ackman's opposition. Raytheon's business quality is debated, with some viewing it as strong in defense. The analysis highlights differing business focuses and potential impacts on revenue growth.

What are the implications of the defense spending concerns mentioned in the discussion?

What factors contribute to the perception of Raytheon as an inferior business according to the text?