U.S. State Dept Approves Potential Sale Of Patriot Configuration-3+ Modernized Fire Units To Spain For Estimated $2.8B
Portfolio Pulse from Benzinga Newsdesk
The U.S. State Department has approved a potential sale of Patriot Configuration-3+ Modernized Fire Units to Spain. The deal is estimated to be worth $2.8 billion, according to Reuters citing the Pentagon.
October 04, 2023 | 7:09 pm
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POSITIVE IMPACT
Lockheed Martin (LMT) may benefit from the potential sale of Patriot Configuration-3+ Modernized Fire Units to Spain.
As a major defense contractor, Lockheed Martin could see a boost in revenues from this potential sale. This could positively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Raytheon Technologies (RTX) may see a positive impact from the potential sale of Patriot Configuration-3+ Modernized Fire Units to Spain.
Raytheon Technologies, as a key player in the defense sector, could benefit from this potential sale. This could lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50