U.S. State Department Approves Potential $133M Sale Of Advanced Medium-Range Air-To-Air Missiles To Singapore
Portfolio Pulse from Benzinga Newsdesk
The U.S. State Department has approved a potential $133 million sale of Advanced Medium-Range Air-To-Air Missiles to Singapore, as reported by Reuters citing the Pentagon.
September 09, 2024 | 7:04 pm
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POSITIVE IMPACT
Raytheon Technologies, a major defense contractor, could benefit from the U.S. State Department's approval of a $133M missile sale to Singapore, as it may be involved in the production of these missiles.
Raytheon Technologies is a key player in the defense sector and is likely involved in the production of the Advanced Medium-Range Air-To-Air Missiles. The approval of this sale could lead to increased revenues for RTX.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80