3 Huge Growth Opportunities for Raytheon

Shares of Raytheon (NYSE: RTN) have exploded higher this year, as instability in the Middle East and on the Korean Peninsula has focused investor attention on defense suppliers. Raytheon is up 27% year to date, more than doubling the S&P 500, and besting rivals Lockheed Martin, Northrop Grumman, and General Dynamics, as well.

The world's a dangerous place, so the long-term outlook for the defense sector remains strong. Here are three reasons to be particularly optimistic about Raytheon.

Despite the U.S. government's seemingly endless hunger for new armaments, political gamesmanship, budget battles, and sequestration in recent years have all been reminders of the risk of being overly reliant on a single customer. Raytheon has done better than most of its peers at countering that risk.

Source: Fool.com