State Department Approves Potential $264.6M Sale Of AIM-9X Sidewinder Block II+ And Block II Tactical Missiles To Canada
Portfolio Pulse from Benzinga Newsdesk
The U.S. State Department has approved a potential $264.6 million sale of AIM-9X Sidewinder Block II+ and Block II tactical missiles to Canada, as announced by the Pentagon.
August 16, 2024 | 7:04 pm
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POSITIVE IMPACT
The iShares MSCI Canada ETF (EWC) might experience a slight positive impact due to the U.S. State Department's approval of a $264.6 million sale of AIM-9X Sidewinder missiles to Canada.
The sale of AIM-9X Sidewinder missiles to Canada could have a positive, albeit minor, impact on the Canadian defense sector, which may be reflected in the iShares MSCI Canada ETF.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Raytheon Technologies (RTX) is likely to benefit from the U.S. State Department's approval of a $264.6 million sale of AIM-9X Sidewinder missiles to Canada.
Raytheon Technologies is the manufacturer of the AIM-9X Sidewinder missiles. The approval of this sale is likely to boost the company's revenues and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100