|Day's range||145.55 - 145.55|
|52-week range||145.55 - 145.55|
|PE ratio (TTM)||18.75|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
U.S. missile maker Raytheon's (RTN.N) cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday. "Raytheon has undertaken that Forcepoint will achieve for civilian cyber defense what Raytheon does for the defense of nation states, and we think that we could unleash enormous potential in our company via a stock exchange listing," Matthew Moynahan said. Raytheon bought an 80 percent stake in Forcepoint, then known as Websense, from private equity firm Vista in 2015 for $1.9 billion and combined it with its own cybersecurity operations.
The Pentagon allocated ample funds to the U.S. defense stocks last week. As a result, the S&P 500 Aerospace & Defense (Industry) Index gained 1.3% in the trailing five trading sessions.
Raytheon's (RTN) MTS family of sensor solutions provides superior detecting, ranging and tracking for military forces worldwide