Posted on 04/08/2017 8:01:16 PM PDT by Trump20162020
Raytheon, the company that makes the Tomahawk missiles used in the air strikes on Syria by the United States, is rising in early stock trading Friday.
Investors seem to be betting President Trump's decision to retaliate against Syria after the chemical attack on Syrian citizens earlier this week may mean the Pentagon will need more Tomahawks.
The Department of Defense asked for $2 billion over five years to buy 4,000 Tomahawks for the U.S. Navy in its fiscal 2017 budget last February.
Nearly five dozen Tomahawk cruise missiles were launched at military bases in Syria from U.S. warships in the Mediterranean Sea late Thursday.
Raytheon (RTN) wasn't the only defense stock rising Friday either. Lockheed Martin (LMT), which partners with Raytheon on the Javelin missile launcher system and also makes Hellfire missiles, gained nearly 1%.
(Excerpt) Read more at money.cnn.com ...
>I’ve heard 29 hit the base.
Russian propaganda. 59 hit the base taking out 20 planes in steal reinforced concrete bunkers.
THAT is an incredible AWESOME VIDEO. THANK YOU
Tomahawks cost nearly a million smackers each. Of course Raytheon is breaking out the bubbly.
Thanks!
3% failure rate. I hoped that it would be lower.
Well here is the Air Base now after 59 Tomahawks... Alive and well.
https://www.liveleak.com/view?i=da9_1491685467
Conservative is now synonymous with blind? It is possible to believe in conservatism, and staying out of foreign entanglements.
I would like to see who bought Raytheon stock in the time between the decision to launch, and the booms. It would be a telling sign of who is leaking, and where the leaks are.
So, that’s $30.5 Million just in rockets, right?
Seems like a waste of money.
Seems like there are always one or two in a strike this big. Sounds like the Prez should finagle to get replacements for free.
What did you expect? They were Tomahawks and they got a warning. Are they flying CW out there? If not, mission accomplished. Still killing Al Qaeda types.
Missiles, not rockets. Alternative is many aircraft worth a hell of a lot more with the risk of losing men. Seems like a good use of money for the task.
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