Did you see their website posted for the merger? There will be 4 divisions/segments/??? 2 are from UTC and 2 from Raytheon, it does not seem like they are planning for a real integration.
I did not, so maybe this disqualifies me from commenting further, however I typically don't read press releases because they often contain lies, spin, and everything in between.
Reading press releases is rarely as useful as reading the filings. Whether it's a company's financial numbers (ignore the PR, read the 10-K), an up and coming IPO (definitely ignore the investors and underwriters, read the S-1), or even a piece of legislation (ignore the congressional testimony, it's for cable news soundbites, read the floor text and amendments).
