Syria airstrikes instantly added nearly $5 billion to stock value of Tomahawk missile maker

Fortune reports: Raytheon stock surged Friday morning, after 59 of the company’s Tomahawk missiles were used to strike Syria in Donald Trump’s first major military operation as President.

Trump ordered the airstrike on the Syrian government Thursday night in retaliation for a deadly chemical weapons attack on civilians earlier this week that killed as many as 100 people. The U.S. blamed the attack on the regime of Syrian President Bashar al-Assad.

The Tomahawk missile used in the strike is made by Raytheon, whose stock opened 2.5% higher Friday, adding more than $1 billion to the defense contractor’s market capitalization.[Continue reading…]

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