Is It The Right Time To Invest In Raytheon (RTN) Stock?
Zacks Investment Research | Oct 11, 2017 10:01PM ET
We issued an updated research report on Raytheon Company (NYSE:RTN) on Oct 11. Notably, the company is one of the largest aerospace and defense companies in the United States with a diversified product line of military weaponries ranging from missiles, radars and sensors to air traffic control systems.
Of late, Raytheon has been heavily investing in technological upgrades. Courtesy of this, Raytheon has been witnessing strong upside in its GaN-based naval radars. The company’s next-generation solutions include the air and missile defense radar (AMDR) and the enterprise air surveillance radar enable it to support the U.S. Navy and international customers with advanced capabilities to counter emerging threats.
The company witnesses solid demand for its combat-proven arsenals both in domestic as well as overseas markets. In fact, foreign military contracts continue to be the vital growth driver for Raytheon. To this end, the company’s Patriot missile-defense systems have seen a number of buyers in recent times including international customers like Qatar and Korea.
Further, rising demand from MENA or the Middle East and North Africa due to the changing geopolitical situations is turning out to be the company’s key revenue driver. Going ahead, Raytheon continues to see significant demand for early warning radars, as well as TPY-2 X-Band radars in the 2018 to 2020 timeframe, across this region.
Thanks to its wide range of combat-proven defense products, the company continues to receive scrumptious orders from both Pentagon as well as foreign allies of the nation. This must have enabled the company to outperform its broader Zacks Investment Research
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