Tags: B | RTN | LMT | GE

LIGNET: Iran’s Neighbors Go On Massive U.S. Arms Buying Spree

By LIGNET wires   |   Thursday, 12 Jan 2012 01:29 PM

Persian Gulf nations are anxiously watching events that are setting Iran on a collision course of growing confrontation with the West and that threaten to stop the flow of oil out of the Gulf.

They’ve responded by strengthening their ties to the United States and signing billion-dollar weapons contracts with U.S. defense firms, including Boeing (B), Raytheon (RTN), Lockheed Martin (LMT), and General Electric (GE).

How will this effect your portfolio? Read the in-depth analysis at LIGNET.com

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