Raytheon Company (RTN) to Benefit From International Business

October 15, 2015

Stifel & Nicolaus & Co. Analyst Joseph DeNardi has a “buy” rating on Raytheon Company (RTN), a technology company specializing in the defense, civil government and cybersecurity markets. He says Raytheon is a longer-term thesis, and is best positioned to benefit from strong international business.

“Thirty percent of their business is international, 44% of their backlog is international customers, so they have a really good runway for continuing to grow the international business,” DeNardi says.

International business is typically higher margin than U.S. sales. DeNardi says he believe that will differentiate Raytheon over the next few years.

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