Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQU E  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  10.07.2020  
C(2020 ) 4870 final  
PUBLIC VERSION  
To the notifying parties   
Subject : Case M.986 8 – Raytheon Technologies Corporation/Saudi Arabian Oil 
Company/Middle East Cyber Services JV   
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 12 June 2020, the European Commission received notification of a proposed  
concentration pursuant to Article 4 of the Merger Regulation by which Raytheon 
Saudi Arabia (“Raytheon Saudi”, Saudi Arabia ), a wholly  owned indirect subsidiary 
of Raytheon Technologies Corporation  (“Raytheon”, USA) , and The Saudi Ara mco 
Development C ompan y (“SADCO”, Saudi Arabia), a wholly  owned subsidiary of The 
Saudi Arabian Oil Company  (“Saudi Aramco”, Saudi Arabia), acquire joint control 
within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation  over the 
whole of the Middle East Cyber Serv ices Company Limited, a full -function joint 
venture to be established in the Kingdom of Saudi Arabia (Saudi Arabia) by way of 
purchase of shares in a newly created company constituting a joint venture .3 
2. The business activities of the undertakings concerned  are: 
 for Raytheon : a company active in aerospace and defence providing advanced 
systems and services for commercial, military and government customers 
worldwide.  
 for Saudi Aramco : a joint stock company primarily engaged in the exploration, 
production and marketing of crude oil and, to a lesser extent, in the production 
and marketing of refined products and petrochemicals.  
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 205, 19.6.2020, p. 23. 

2  for the JV : marketing, selling and provision of defensive cy bersecurity products 
and services within the Kingdom of Saudi Arabia and in the Middle East / North 
Africa region.  
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) and 5 (b) of the  Commission Notice on a simplified procedure for 
treatment of certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .