Congratulations (not) to Raytheon on winning a new $212.687 million(US) engineering contract to upgrade the Patriot anti aircraft anti ballistic missile systems in 12 US allied countries.
According to Sputnik the countries that will be getting the upgrades are Germany, Greece, Israel, Japan, Korea, Saudi Arabia, Kuwait, Qatar, Spain, Taiwan, UAE, and the Netherlands. Israel need the missiles because the Palestinians have very advanced rock throwing systems now.
This latest contract adds to the $2.35 billion(US) to build 52 SM-3 block IB missiles in December 2015 which is a finalisation of an April 2015 contract of $541 million(US). This contract also includes three one year options to provide a further 52 missiles per year. Raytheon also won a $1 billion(US) cyber security contract over five years to tackle attacks on US agencies as reported by The Washington Post in September 2015.
Then there is the contract won to procure mission systems equipment for the future USS Lyndon. B. Johnson which is worth $255 million(US) with a possible $349 million(US) if they use all their options given to them as reported by United Press International in January 2016.
Washington technology reports in January 2016 that Raytheon won a contract worth $12.1 million(US) to provide the US Navy with advanced technology insertion and integration support of weapons systems.
Needless to say it goes on and on and is never ending. Raytheon also seem to win a lot of contracts. My bad because I thought they were given contracts by the government they donate to.
Meanwhile Raytheon’s shares are rising and are at $128.24, up $6.06 or 4.96%. That is pretty good considering the rest of the world is doing pretty much the opposite amidst the global downturn. More on that here, here, and here. With the fear mongering of Russia, China, and the war on terror with back up from the mainstream media there is a lot of money to be made for the weapons manufacturers as of late. So who has shares in Raytheon, apart from someone who doesn’t care how they make their money?
Looking at Raytheon’s ownership summary via the NASDAQ there are 244,547,528 shares that are owned by 947 institutions. Concentrating on one of these institutions, Macquarie Group Limited from Australia, they alone own 5.875 million shares. Macquarie also has 3.765 million shares in Northrop Grumman who make drones among other things. We all know what these drones have been doing. This from the Guardian;
‘For the death of a man whom practically no American can name, the US killed 128 people, 13 of them children, none of whom it meant to harm’.