Raytheon Company (NYSE:RTN)’s Stock to Fly High Amid Huge Demand

Raytheon Company (NYSE:RTN) stock is making headlines amid several factors. First, the company is reported to be in talks to be bought by Boeing , according to several rumors. A report by Seeking Alpha claimed that Boeing was willing to pay $200/per to buy Raytheon . Raytheon has also struck a major deal to sell new Patriot missiles to the government of UAE.

Raytheon has strong fundamentals and growth prospects. Raytheon Company (NYSE:RTN) reported better-than-expected first quarter results last month, and upped its guidance for the full year 2017. Raytheon ’s CEO said in the earnings call that the company was experiencing a surge in demand due to the Syrian war.

During the ongoing visit of US President Donald Trump to Saudi Arabia, a memorandum of understanding was signed between the US and Saudi Arabia after which Raytheon entered into a strategic partnership with the Saudi Arabia Military Industries Company for technology development and defense projects.

ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
news@valuespectrum.com

Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.