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.

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