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Barchart
Patrick Sanders

Raytheon Is a Top Defense Stock to Buy Amid the Iran War, But It Will Also Benefit From a Ceasefire. Here’s How.

So far, the Iran war has relied on missiles and air power rather than ground forces, putting more attention on one of the Pentagon’s favored weapons: the Tomahawk cruise missile. Tomahawk missiles are manufactured by defense contractor RTX (RTX) through its subsidiary, Raytheon.

Reports indicate that the U.S. has fired more than 850 Tomahawk missiles in the war with Iran. The Center for Strategic and International Studies (CSIS) reports that Tomahawks are being used in the Iran war more than in any military campaign in history. “Replenishing inventory after this campaign will take time, and creates near-term risk for the United States,” the organization noted.

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