Reported Earlier, The Swiss Government Has Signed A $331M Contract For The Purchase Of New Long-Range Missiles For The Patriot Ground-To-Air Defence System
Portfolio Pulse from Benzinga Newsdesk
The Swiss government has signed a $331M contract for the purchase of new long-range missiles for the Patriot Ground-To-Air Defence System. The PAC-3 MSE guided missiles from the US manufacturer Lockheed Martin will be sent to Switzerland in 2028 and 2029. The new weapons are part of the Air2030 programme, which also includes the Radar and C2Air projects.
October 31, 2023 | 6:42 pm
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NEUTRAL IMPACT
The Swiss government's purchase of Lockheed Martin's PAC-3 MSE guided missiles could potentially impact the iShares MSCI Switzerland ETF (EWL), which includes Lockheed Martin in its holdings.
While the contract is a positive development for Lockheed Martin, its direct impact on the EWL ETF may be limited as Lockheed Martin is just one of many companies included in the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The contract between the Swiss government and Lockheed Martin may have a minimal impact on the SPDR S&P 500 ETF (SPY), which includes Lockheed Martin among its holdings.
Given the diversified nature of the SPY ETF, the contract is unlikely to have a significant impact on the ETF's overall performance.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
Lockheed Martin, the manufacturer of the PAC-3 MSE guided missiles, has secured a $331M contract with the Swiss government. The missiles will be delivered in 2028 and 2029.
The news of a significant contract win for Lockheed Martin is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100