New York, April 10 (RHC)-- Stocks of the military contractor Raytheon have surged following the U.S. missile attack on Syria last week, which used 59 of the company’s Tomahawk missiles, estimated to cost $1.4 million apiece.
As stocks surged, Raytheon added about $1 billion to its market value. According to financial disclosure filings, U.S. President Donald Trump personally invests in Raytheon, meaning he profited directly from the attack.
The Raytheon Company is a major U.S. defense contractor and industrial corporation with core manufacturing concentrations in weapons and military and commercial electronics. Raytheon, which is based in the U.S. state of Massachusetts, is the world's largest producer of guided missiles.
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