Iran

Iran

Raytheon Profits Surge on Iran War Fears, CEO Cites Strong International Patriot Missile Demand

| Importance: 8/10

On January 30, 2020, Raytheon reported better-than-expected quarterly profits driven by surging international weapons demand, with company executives explicitly citing US-Iran tensions as a growth driver. The earnings announcement came just weeks after the January 3, 2020 US drone strike killing …

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Raytheon's $15 Billion Patriot Missile System Fails Spectacularly, Allowing Drone Swarm to Cripple Saudi Oil Production

| Importance: 9/10

On September 14, 2019, swarms of drones and cruise missiles evaded six battalions of Raytheon-manufactured Patriot missile defense systems to strike Saudi Arabia’s Abqaiq and Khurais oil facilities, temporarily disrupting 5.7 million barrels of daily oil production—approximately 5% of global …

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