Raytheon is a huge American company that makes guided missiles. Recently, it has been making a lot of money selling military supplies for the conflict in Ukraine, even though it was struggling just before the war began in February 2022. An analysis of the company’s financial reports shows how they turned their fortunes around.
The Rise of Raytheon
Raytheon's missile production branch, called Raytheon Missiles & Defense (RMD), has been busy producing advanced missile systems for Ukraine. Some of these include the National Advanced Surface-to-Air Missile Systems (NASAMS) and popular missiles like the Stinger and Javelin. Since early 2022, these weapons have been sent to help Ukraine defend itself.
The company’s sales have been growing steadily for five quarters in a row. Before the war, they were facing declining sales for about a year. But once the conflict escalated, demand for their products shot up.
New Orders and Profits
Raytheon’s financial reports reveal th...
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