State Department Makes Determination Approving Sale To Egypt Of Stinger Missiles For $740M
Portfolio Pulse from Benzinga Newsdesk
The U.S. State Department has approved a $740 million sale of Stinger missiles to Egypt, as announced by the Pentagon. This deal may involve RTX Corporation, known for manufacturing defense equipment.
September 24, 2024 | 7:04 pm
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The U.S. State Department's approval of a $740 million sale of Stinger missiles to Egypt could positively impact RTX Corporation, as they are a major defense contractor involved in missile production.
RTX Corporation is a significant player in the defense sector, known for manufacturing Stinger missiles. The approval of this large sale to Egypt suggests potential revenue growth for RTX, likely boosting investor sentiment and stock price in the short term.
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