Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Lockheed and Raytheon Line Up to Catch a $15 Billion Windfall


Lockheed and Raytheon Line Up to Catch a $15 Billion Windfall

On Saturday, November 4, Houthi rebels in Yemen launched a long-range Burkan 2-H missile ballistic missile targeting Saudi Arabia's King Khalid International Airport more than 600 miles away. Saudi Arabian forces confirmed the launch, and reported that a U.S.-built Patriot missile battery shot down the missile before it could reach its target.

So ... crisis averted?

For now, perhaps. But a rebel spokesman said that it considers that "the capital cities of" countries conducting military operations in Yemen "fair military target[s]," and promised they "will be struck by our missiles." Moreover, the BBC reports that the Houthis are believed to possess "a stockpile of Scud ballistic missiles and home-grown variants" such as the Burkan. In short, if Saudi Arabia hopes to protect its civilian population, it needs a robust missile defense.

Continue reading


Source: Fool.com

Raytheon Co. Stock

€111.24
0.020%
With only a change of €1.32 (0.020%) the Raytheon Co. price is nearly unchanged from yesterday.

Like: 0
RTN
Share

Comments