Benghazi Boondoggle: a Bonanza for Raytheon?

By Rich Smith – Jan 8, 2013 at 12:15PM

NYSE: RTN

Raytheon

Wired.com thinks it might be. One Fool disagrees.

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 (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.

Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Raytheon Company. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.