Investor’s Business Daily:
Missile defense providers Lockheed Martin (LMT) and Raytheon (RTN) rallied to new record highs Wednesday after President Trump vowed to unleash “fire and fury” against North Korea amid reports that its nuclear weapon and ballistic missile programs are advancing more quickly than expected.
Tim Cahill, the vice president of Lockheed’s Air and Missile Defense business, told Reuters on Tuesday that interest in its missile defense systems has increased in the last 12 to 18 months.
Last month, a Lockheed Terminal High Altitude Area Defense battery in Alaska intercepted a test missile launched from an Air Force cargo plane near Hawaii. The THAAD system is also deployed in South Korea — to the objection of China, which complains that the system’s radar could be used for offensive purposes.
