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Saturday, August 31, 2013

Raytheon Stock Skyrockets With Talk of U.S. Intervention in Syria

BGM-109 TomahawkRaytheon, the Waltham based military defense corporation, saw its stocks reach an all-time high this week after talks of a possible U.S. missile attack on Syria. The military attack is in response to allegations of a chemical weapons attack by Syria President Assad on his own people.

Currently, Raytheon's stock is trading at $75.50 per share, up 44 percent since its 52-week low in February. In the last month alone, Raytheon's stock shot up 6 percent.

On August 13, Raytheon received a $200.5 million weapons order from the U.S. military and five of its allies.

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