Syria strike could bring Raytheon payday

“A U.S. attack on Syria could translate into big bucks for defense giant Raytheon, which makes the Tomahawk cruise missile that’s said to be President Barack Obama’s weapon of choice.  Reports that the White House is planning an attack to punish Damascus for the use of chemical weapons sent Raytheon’s stock price to a 52-week high this week — and have reawakened grumblings in Congress that the military doesn’t buy enough Tomahawks.  Raytheon has delivered 252 missiles this fiscal year and 361 last fiscal year. And any Tomahawks fired at Syria would almost certainly represent a future increase in orders for the missiles, which can go for about $1 million apiece.”

http://www.politico.com/story/2013/08/syria-strike-could-bring-raytheon-payday-96045.html

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