State Department Approves $115M Sale Of Small Diameter Bombs To Belgium
Portfolio Pulse from Benzinga Newsdesk
The U.S. State Department has approved a $115 million sale of small diameter bombs to Belgium, according to Reuters citing the Pentagon.
July 25, 2024 | 7:06 pm
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The U.S. State Department's approval of a $115 million sale of small diameter bombs to Belgium is likely to benefit RTX, as they are a major defense contractor.
RTX, being a major defense contractor, is likely to be involved in the production or supply of the small diameter bombs approved for sale to Belgium. This deal could positively impact their revenues and stock price in the short term.
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IMPORTANCE 70
RELEVANCE 80