Why Is Europe Buying 940 New Stinger Missiles From Raytheon?
Raise your hand if you remember the Stinger missile. Keep your hands raised if the reason you remember the Stinger is from reading newspapers during the Reagan Administration and think of them as the missiles the mujahideen used to shoot down Soviet helicopters in Afghanistan.
Yep. That's what I thought. But here's something that may surprise you: 35 years after the Soviets pulled out of Afghanistan, the Stinger is making a comeback. And Raytheon is about to start making money selling Stinger missiles again.
This isn't exactly a new story. Ever since the renamed USSR -- Vladimir Putin's Russian Federation -- invaded Ukraine in 2022, NATO militaries have been hauling Stingers out of storage, dusting them off, and sending them to Ukraine. To date, some 2,000 Stingers have been donated to help with Ukraine's defense.
Source Fool.com
Raytheon Technologies Corp. Stock
Our community is currently high on Raytheon Technologies Corp. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 100 € shows a slightly positive potential of 5.12% compared to the current price of 95.13 € for Raytheon Technologies Corp..
