The Zacks Analyst Blog Highlights: Raytheon, Boeing, Lockheed Martin And Northrop Grumman
Zacks Investment Research | Oct 09, 2019 08:46AM ET
For Immediate Release
Chicago, IL –October 9, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Raytheon Company (NYSE:RTN) , The Boeing Company (NYSE:BA) , Lockheed Martin Corp (NYSE:LMT) and Northrop Grumman Corp (NYSE:NOC) .
Here are highlights from Tuesday’s Analyst Blog:
U.S. to Sell 150 Javelin Missiles to Ukraine: Stocks in Focus
Per major media sources, Raytheon Company has clinched a contract worth $39.2 million from the U.S. State Department for the sale of additional Javelin anti-tank weapons to Ukraine. Specifically, the agreement includes sale of 150 anti-tank missiles and two additional missile launchers.
With Ukraine and Russia on loggerheads for long, analysts are skeptical that this might enrage the latter, which, in turn, may retaliate against the United States. This should keep investors optimistic about defense stocks’ growth.
Prospects of US Defense Stocks
A consistent fight between Moscow-backed separatists and Ukraine’s pro-Western government has pitted Russia and Ukraine against each other over the past few years. Particularly, Ukraine has been bolstering its combat capabilities since Russia annexed Crimea in 2014 and backed forces in eastern Ukraine. The defense-friendly Trump administration has extended military aid to Ukraine. Notably, the U.S. government in 2017 approved lethal arms sales to Ukraine, something that the Obama administration had never done. In 2018, the United States sold over 200 missiles and 37 launchers package, worth $47 million to Ukraine.
With Javelin being the U.S. Army and Marine Corps’ premier anti-tank weapon, the latest buy will allow Ukraine to keep Russia at bay and build its long-term defense capacity to defend its sovereignty and territorial integrity.
Moreover, in May 2018, the Congress approved military assistance worth $250 million to Ukraine in 2019, including lethal weaponry. But this sale deed has not yet seen the light of day as President Trump asked his national security team to review the funding program to ensure the money is being used in the best interest of the United States, as stated by a U.S. official to Zacks Investment Research
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