State Department Approves Potential Sale Of Advanced Anti-Radiation Guided Missiles-Extended Range To Finland For Estimated $150M
Portfolio Pulse from Benzinga Newsdesk
The US State Department has approved a potential sale of Advanced Anti-Radiation Guided Missiles-Extended Range to Finland. The deal is estimated to be worth $1500M, according to Reuters citing the Pentagon.
October 23, 2023 | 7:16 pm
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NEUTRAL IMPACT
The potential missile sale could have a minor impact on the SPDR S&P 500 ETF (SPY), given the size and diversity of the fund.
Given the size and diversity of the SPDR S&P 500 ETF (SPY), the potential missile sale is unlikely to have a significant impact. However, it could have a minor impact due to the potential benefits for defense contractors included in the fund.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 30
POSITIVE IMPACT
The potential missile sale to Finland could boost the Finnish economy, potentially impacting the iShares MSCI Finland ETF (EFNL).
The missile sale, if it goes through, could have a positive impact on the Finnish economy. This could, in turn, boost the performance of the iShares MSCI Finland ETF (EFNL), which tracks the Finnish market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Northrop Grumman Corporation (NOC), a major defense contractor, could potentially benefit from the missile sale.
As a major defense contractor, Northrop Grumman Corporation (NOC) could potentially benefit from the missile sale. This could lead to increased revenues and a potential boost in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80