Benghazi Boondoggle: a Bonanza for Raytheon?
In a recent article, Wired.com argued that a report from the State Department commission that investigated the debacle in Benghazi on Sept. 11, 2012, "practically demands" that the U.S. government buy and install what it calls Raytheon (NYSE: RTN ) "pain rays" to defend U.S. diplomatic posts abroad.
Fool contributor Rich Smith begs to differ. While he's all in favor of buying Raytheon on its own merits -- low P/E, high dividend, decent growth rate -- Rich has also read through the entire 39-page unclassified Accountability Review Board report on Benghazi. Sadly, what he found there -- a bare two mentions of the desirability of "non-lethal" defenses at embassies and consulates -- doesn't support Wired.com's argument much at all.
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