CORRECTION: 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 estimated value of the deal is $150 million.
October 23, 2023 | 7:21 pm
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NEUTRAL IMPACT
The potential missile sale to Finland could have a minor impact on the SPDR S&P 500 ETF (SPY), given the size of the deal relative to the overall US economy.
While the missile sale could potentially boost the US defense sector, its impact on the overall US economy, and therefore the SPY ETF, is likely to be minor given the size of the deal relative to the overall US economy.
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 stimulate the Finnish economy by increasing defense spending. This could potentially lead to a positive impact on the EFNL ETF, which tracks the Finnish market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Northrop Grumman (NOC), as a major defense contractor, could potentially benefit from the missile sale to Finland.
As a major defense contractor, Northrop Grumman could potentially be involved in the missile sale to Finland. If so, this could lead to increased revenues for the company, potentially boosting its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80