Here’s why Raytheon could be the biggest beneficiary of the Saudi oil attack
- Raytheon could be the biggest corporate beneficiary of the Saudi oil attack, according to a Monday note from Sheila Kahyaoglu, an equity analyst at Jefferies.
- Saudi Arabia has the largest defense budget in the Middle East, and makes up 5% of Raytheon's sales.
- In addition, Raytheon sells the NASAMS, a key missile defense system that Saudi Arabia currently has under contract. Increased NASAMS sales to Saudi Arabia could specifically benefit Raytheon.
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