The Tucson-based Raytheon unit won't be affected by the cuts, though a few local workers were recently let go in a post-merger consolidation.

Raytheon Co. and United Technologies Corporation say they’ve won the necessary regulatory approvals for their all-stock merger and expect to close the merger prior to the opening of trading on the New York Stock Exchange on Friday, April 3.

The current expectations, a local economist says, is that it will be at least early 2021 when the economy could start growing again.

UTC was required to divest its Carrier heating and cooling and Otis elevator units as part of its multi-billion-dollar merger with Raytheon Co.

Wei Sun pleaded guilty to one count of violating federal arms-control laws after taking a computer containing sensitive information with him on a trip to China in 2018.

The new projectile extends the capability of Raytheon's battle-proven Excalibur guided shell by adding laser guidance to GPS.

The defense contractor's Tucson-based Missile Systems unit reports a 9% increase in fourth-quarter operating income, while net sales rose just 1%.

Parent of Tucson-based Raytheon Missile Systems also ups it financial guidance for 2019.

But the company hasn't said where the headquarters for the combined missile and radars unit will be after the merger with United Technologies.