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Why Raytheon Stock Soared 43% in 2019

TheMotleyFool

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Shares in space, intelligence, and defense company Raytheon (NYSE: RTN) soared 43.3% in 2019, according to data provided by S&P Global Market Intelligence. Besides excellent execution by the company, the market has warmed to the idea of the upcoming merger with the aerospace businesses of United Technologies (NYSE: UTX).

Image source: Raytheon.

The improvement in Raytheon's performance through 2019 can be seen in the upgrade of its full-year guidance. Here's a look the full-year guidance given at the start of 2019 and the update in the third-quarter earnings report in October.

Source Fool.com

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