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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Raytheon Company

(

RTN

) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 0.7%. By the end of trading, Raytheon Company rose $3.26 (3.7%) to $91.89 on heavy volume. Throughout the day, 4,031,375 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1,618,300 shares. The stock ranged in a price between $87.86-$92.30 after having opened the day at $88.61 as compared to the previous trading day's close of $88.63. Other companies within the Aerospace/Defense industry that increased today were:

Frontline

(

FRO

), up 5.4%,

Air Industries Group

(

AIRI

), up 5.0%,

Alliant Techsystems

(

ATK

TheStreet Recommends

), up 4.3% and

Astronics Corporation

(

ATRO

), up 3.3%.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $28.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are down 2.3% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates

Raytheon Company

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

B/E Aerospace

(

BEAV

), down 6.7%,

Astrotech Corporation

(

ASTC

), down 4.6%,

Micronet Enertec Technologies

(

MICT

), down 3.4% and

Boeing

(

BA

), down 2.5%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider

iShares DJ US Aerospace & Def Idx

(

ITA

) while those bearish on the aerospace/defense industry could consider

ProShares Short Dow 30

(

DOG

).

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