Syria strike could bring Raytheon payday


Syria strike could bring Raytheon payday

29 Aug 2013 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 [rebels’] 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. On paper, the Pentagon buys 196 Tomahawk missiles a year, considered the” minimum sustaining rate,” or just enough to maintain the supply chain. But the Navy, which did not respond to a request for comment, has had to ramp up production after firing hundreds of Tomahawks during Libya’s US-instigated 2011 civil war in Libya.

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