Raytheon eBorders ruling a positive for shares, says Wells Fargo Wells Fargo views the eBorders contract ruling in favor of Raytheon as a positive for the stock. Wells notes there could still be an additional interest payable to Raytheon that will be ruled at a later date. It keeps an Outperform rating on the stock.
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Raytheon upgrades to Tomahawk pass flight tests Raytheon and the U.S. Navy completed successful back-to-back Tomahawk cruise missile flight tests that validated recent software improvements. The upgrades improve weapon system performance.