Raytheon Just Lost a US Army Contract to Lockheed
Here is the link to where Raytheon lost a competition against Lockheed. defensenews.com/smr/army-modernization/2020/03/25/raytheon-exits-precision-strike-missile-competition/
Raytheon Missile Systems has signed a $1 billion deal with Aerojet Rocketdyne for Raytheon’s Standard Missiles (SM) for the next five years, Raytheon announced on March 26th. The reason why they came in with this agreement is because it will help to stabilize and lower the cost on the supply chain. This is not a good reason. To me, it feels like it is trying to put a bandage over a wound that Raytheon just lost a contract to Lockheed. Here is the link to the news that Raytheon signed a 5 years contract with Aerojet. breakingdefense.com/2020/03/raytheon-aerojet-ink-1b-5-year-standard-missile-deal/
I am looking to enter a short position on Rayetheon stock at $168 and the risk and reward ratio will be 1 to 2. stop lost at $118 and profit target at $191.
Raytheon Missile Systems has signed a $1 billion deal with Aerojet Rocketdyne for Raytheon’s Standard Missiles (SM) for the next five years, Raytheon announced on March 26th. The reason why they came in with this agreement is because it will help to stabilize and lower the cost on the supply chain. This is not a good reason. To me, it feels like it is trying to put a bandage over a wound that Raytheon just lost a contract to Lockheed. Here is the link to the news that Raytheon signed a 5 years contract with Aerojet. breakingdefense.com/2020/03/raytheon-aerojet-ink-1b-5-year-standard-missile-deal/
I am looking to enter a short position on Rayetheon stock at $168 and the risk and reward ratio will be 1 to 2. stop lost at $118 and profit target at $191.
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