How The Saudi Oil Attack Could Lead To Great News For Raytheon

Credit: Wochit
Published on September 16, 2019 - Duration: 00:37s

How The Saudi Oil Attack Could Lead To Great News For Raytheon

Analysts say US defense contractor Raytheon could be the biggest corporate beneficiary of the Saudi oil attack.

Markets Insider reports Saudi Arabia has the largest defense budget in the Middle East, making up 5% of Raytheon's sales.

In addition, Raytheon sells the NASAMS, a key missile defense system that Saudi Arabia currently has under contract.

Jefferies' equity analyst Sheila Kahyoaglu says increased NASAMS sales to Saudi Arabia could specifically benefit Raytheon.

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