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Raytheon International CEO dismisses Trump's concerns about United Technologies merger

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The deal has raised questions from many lawmakers and regulators about the economic benefits and costs of large mergers.

" the proposed deal could harm competition and make it more difficult for the U.S. government to negotiate defense contracts.

"The combination has little to no overlap, less than 1% of what we would offer as a combined company," Harris told CNBC'sJohn Harris, chief executive officer of Raytheon International Inc., seen on the opening day of the Farnborough International Airshow on Monday, July 16, 2018.

"We are so excited about the potential of unlocking the combined capabilities of our two companies, whether it's a strong legacy of innovation, a focus on program excellence and a focus on reducing cost. And, most importantly in this day and age, speed."

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