Raytheon is a defense contractor for the U.S. government with over 60,000 employees worldwide and $24 billion in sales in 2013.
I have been following defense contractors closely since the globalists agenda to expand NATO with a policy of “full-spectrum dominance”.
The Department of Defense, in Joint Vision 2020, states that full-spectrum dominance is the goal, and the way to get there is to “invest in and develop new military capabilities”, which include “precision engagement”.
Raytheon has developed a 155-millimeter howitzer round called Excalibur. It is a smart round that can target an object 30 miles away and hit within two meters of that target. To put this in perspective, the Excalibur could be fired from New York, New York, and hit a target about 30 miles away in Port Chester, New York, within 6 feet of the target:
The Excalibur achieves this incredible range and accuracy by gliding on wings at the apex of its firing arc, and being guided by GPS.
Back in 2012, it was reported that Marines launched a 155mm M982 Excalibur round on a group of Taliban fighters 22 miles away. They never even heard or saw the bullet coming.
Raytheon charges about $70,000 per bullet which is still cheaper than conventional howitzer bullets that cost $1,000. Why? It only takes one Excalibur bullet to take out a target. It also virtually eliminates costly collateral damage that is common with howitzers.
Raytheon made nation-wide news last month when they tested their ground based missile defense system with a successful kill of a missile over the Pacific Ocean on June 22, 2014. In 2010, two such tests of the missile defense system failed. Here is the video of the successful June 22, 2014 ballastic missile defense system made by Raytheon:
After this successful test, Raytheon said it expects to resume production on this updated warhead for U.S. homeland missile defense soon.
Raytheon has won three contracts from the Department of Defense in the last month. The first is a $223.1 million contract for 485 new Sidewinder Missiles AIM-9X Block II, for the U.S. Navy, the U.S. Air Force, and the governments of Turkey, Kuwait, Singapore, and the Netherlands.
Just last week, on July 3rd, 2014, Raytheon was awarded a $163,223,113 for Advanced Medium Range Air-to-Air Missiles (AMRAAM) Program Support and Sustainment (PSAS).
Poland is looking at purchasing Raytheon’s missile defense system. The contract with Poland is worth an estimated $5 billion.
Raytheon is a company on the move, surprisingly their stock is not:
The pull back in Raytheon (RTN) looks like an excellent setup for a long entry. Notice the long lower candlestick flush just off the 200 day moving average line. Raytheon pays a 2.6% dividend and has an hot P/E ratio of 14.73.
Disclosure: I do not hold any position in Raytheon (RTN). I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.