Raytheon Technologies, the U.S.-based aerospace and defence company, has renewed and expanded its agreement with State Street as trustee, custodian, asset manager, securities lending agent and transition manager for the Raytheon Technologies Corporation Savings Plan Master Trust, a USD54bn master trust which holds assets for all U.S.-based defined contribution plans sponsored by Raytheon Technologies.
As part of this arrangement, Raytheon renewed a number of services for the master trust, including trustee, custody, accounting, performance measurement, benefit payments and investment management services. Additionally, the agreement extended its scope to include new securities lending and transition management services. The strategic partnership spans more than 30 years.