Tomahawk missile makers stock climbs after US strike on Syria
Tomahawk missile maker’s stock climbs after US strike on Syria
Posted By: Tom Cahill April 7, 2017
Raytheon, the contractor that manufactures the Tomahawk line of cruise missiles, is enjoying a good day on Wall Street after Trump’s attack on Syria.
As of 12:22 PM Eastern Time, the missile manufacturer’s stock is already up 2.5 percent compared to the day before, prior to the missile strike. If current trends continue, Raytheon’s stock may close above its previous 5-year high of March 17, when its share price was at $156.97.
As CNN Money reported, stock prices for other defense contractors were also rallying on Friday, just one day after President Trump announced the missile strike against a Syrian airbase in Homs province in response to Syrian President Bashar al-Assad’s chemical weapons attack that killed roughly 70 Syrians. Lockheed Martin and Northrop Grumman’s stocks are both on the rise, and my also close at near all-time highs before the weekend begins.
http://resistancereport.com/class-war/tomahawk-stock-rising/
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