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Raytheon among stocks that may benefit from bigger missile defense spending because of North Korea

July 6, 2017

Via: CNBC

Jefferies is optimistic toward companies such as Raytheon, Orbital ATK, and Aerojet Rocketdyne as tensions with North Korea escalate, leading to greater missile defense spending.

“The aggressive nature of the North Korean acts may cause Japan, South Korea, the U.S. Congress and the Administration to fund missile defense at an above average rate,” wrote Jefferies equity analyst Howard Rubel in Wednesday’s note.

The U.S. confirmed that a missile launched by the North Korean government on Tuesday was an intercontinental ballistic missile, or ICBM, which has the potential to reach the United States.

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