Raytheon Rides the Defense Boom as a Triple Threat

Key Points Shares of the world's largest aerospace and defense company, Raytheon Technologies Corp. NYSE: RTX, have launched to new 52-week highs. President Joe Biden signed a $95 billion foreign aid bill into law, which allocates $61 billion for Ukraine's aid in its war with Russia. Nearly $6 billion of initial military aid was activated, including rush shipments of Patriot missiles, which are produced by aerospace sector giant Raytheon Technologies and supplied by Lockheed Martin Co. NYSE: LMT. Raytheon's ...