Inactive Instrument

Raytheon

Equities

RTN

Raytheon : Toward a new highest price

December 22, 2014 at 09:26 am EST
By Anas Boumedian

BUY

Entry price	Target	Stop-loss	Potential
$106.82	$112	$103.9	+4.85%

Raytheon Company shares should continue in their bullish trend and reach a new highest price.

The business displays a low valuation and a strong profitability. Analysts forecast underlines its growth prospects. Recently, it has added the State of Qatar to its 12 customers, and has been awarded a 2.4 billion dollars contract to provide it with defence systems.

Graphically, the stock is on a bullish trend on all time scales. Prices have rebounded upon contact with the USD 102.6 short term support, crossing their 20 day moving-average and the USD 106.3 pivot point. All moving averages remain positively oriented on both daily and weekly data, which should support the bullish movement.

Thus, it seems opportune to open a long position on the stock to target a return to the USD 110 resistance then the upward trendline around USD 112. However, a stop loss should be placed under the pivot point, to protect the position from possible bearish fluctuations.

Latest news about Raytheon

TEVET Forges Strategic Partnership with Raytheon	May. 14	CI
Raytheon Announces SM-6 intercepts ballistic missile target at sea	Mar. 29	CI
An unknown buyer completed the acquisition of Cybersecurity, Intelligence and Services Business of Raytheon Company.	Mar. 28	CI
Raytheon Completes Technical Review for Prototype of U.S. Navy's HALO Missile	Jan. 09	CI
Raytheon Receives $400 Million Contract to Produce and Deliver More Than 1,500 StormBreaker Smart Weapons from U.S. Air Force	Jan. 03	CI
Raytheon Completes Another Successful Live-Fire Demonstration of the Advanced, 360-Defense Lower Tier Air and Missile Defense Sensor	Dec. 13	CI
Raytheon Wins $15 Million Contract from DARPA	Nov. 16	CI
An unknown buyer entered into a definitive agreement to acquire Cybersecurity, Intelligence and Services Business of Raytheon Company for approximately $1.3 billion.	23-10-23	CI
Raytheon Wins Contract from the U.S. Army to Expand its Distributed Sensing Capability to LTAMDS	23-10-18	CI
DMB Dr. Dieter Murmann Beteiligungsgesellschaft mbH acquired Raytheon AnschÜTz Gmbh.	23-02-26	CI
DMB Dr. Dieter Murmann Beteiligungsgesellschaft mbH entered into an agreement acquire Raytheon AnschÜTz Gmbh.	22-12-18	CI
Raytheon Company acquired Northern Space & Security Ltd.	22-07-20	CI
Raytheon Company entered into an agreement to acquire Northern Space & Security Ltd.	22-07-17	CI
Raytheon Technologies Announces Executive Changes	21-12-09	CI
Raytheon Technologies Announces Resignation of Thomas A. Kennedy, Executive Chairman of the Board of Directors	21-04-25	CI
NASA Selects L3Harris Technologies Inc. and Raytheon Company for Geostationary and Extended Orbits Imager Phase A Contracts	21-03-31	CI
Francisco Partners Management, L.P. completed the acquisition of Forcepoint LLC from Raytheon Company.	21-01-10	CI
Francisco Partners Management, L.P. entered into a definitive agreement to acquire Forcepoint LLC from Raytheon Company for approximately $1.1 billion.	20-10-25	CI
Raytheon Company Reports Earnings Results for the First Quarter Ended March 29, 2020	20-05-07	CI
Raytheon Wins $55,652,618 Federal Contract	20-05-07	CI
BAE Systems plc (LSE:BA.) completed the acquisition of Airborne Tactical Radios Business from Raytheon Company.	20-05-01	CI
U.S. Air Force Selects Raytheon Company for Long-Range Standoff Missile Development	20-04-20	CI
Raytheon Company(NYSE:RTN) dropped from S&P Global 1200	20-04-06	CI
Raytheon Company(NYSE:RTN) dropped from S&P 500 EQUAL WEIGHTED	20-04-06	CI
Raytheon Company(NYSE:RTN) dropped from S&P Aerospace & Defense Select Industry Index	20-04-06	CI

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Company Profile

Raytheon specializes in the design, manufacturing and marketing of electronic defense equipment and systems. Net sales break down by family of products and services as follows: - missile systems (29.2%): weapons systems, missiles, munitions, projectiles, etc.; - integrated air and missile defense systems (23.4%): radars systems, control and monitoring equipments, communication, information, detection and imaging systems, etc.; - aerospace systems (23.1%): radars, airborne sensors, tactical airborne communications systems, software-defined radio solutions, advanced tactical networking systems, cryptographic systems, real-time sensor networking systems, etc.; - intelligence, surveillance and reconnaissance solutions and services (22.1%). The group also provides network systems (communication, surveillance, traffic control systems, etc.) and technical services (consulting, engineering, technical assistance and training services etc.); - network and information security solutions and services (2.2%). Net sales break down geographically as follows: the United States (70.6%), Middle East and North Africa (14%), Asia/Pacific (9.3%) and other (6.1%).

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