Raytheon Profit Up on Military Spending
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Defense contractor Raytheon Co.  RTN.N on Thursday said quarterly profit rose a  better-than-expected 20 percent, helped by higher spending on  its Patriot missile systems and other military products.
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Defense contractor Raytheon Co.  said on Wednesday it was awarded a $285.4 million contract to continue producing weapons guidance systems for the U.S. Army and to start providing the systems for the U.S. Marine Corps.
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Lockheed Martin and Northrop Grumman see profits surge, helped by orders for the wars in Iraq and Afghanistan.
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Fourth-quarter earnings more than doubled, largely as a result of robust commercial airplane and military systems business.
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The military contractor said fourth-quarter earnings rose 42 percent as the Army spent heavily to upgrade its fleet of Abrams tanks and Stryker armored vehicles.
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US aircraft and defence company Boeing reports a 78% jump in quarterly profits, driven by increased demand for equipment from the armed forces.
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Boeing Co.  on Wednesday  reported a higher-than-expected second-quarter profit compared  with a year-ago loss, and raised its full-year forecast as it  ramped up delivery of its hot-selling commercial planes and  defense sales remained strong.
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Lockheed Martin Corp. , the world's No. 1 defense contractor, on Tuesday reported a greater-than-expected 34 percent rise in second-quarter profit, helped by higher revenue from its combat aircraft and electronic systems units and lower pension costs.
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Lockheed Martin Corp. LMT.N, the No.  1 U.S. defense contractor, posted a 41 percent jump in  quarterly profit on Tuesday, beating Wall Street forecasts, as  demand climbed for its combat aircraft and information  technology services.
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Defense contractor General Dynamics Corp. on Wednesday posted a higher third-quarter profit led by a big rebound in its aerospace segment.
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Lockheed Martin Corp , the world's largest defense contractor, said on Tuesday third-quarter profit rose 22 percent, helped by higher sales of its jet fighters and electronic warfare systems.
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Burgeoning military sales lifted Boeing Co. to a 78 percent increase in third-quarter profits, its bottom line thriving despite the ethics scandals that have roiled the aerospace giant for the past year.
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Defense contractor Raytheon Co.   on Thursday reported higher fourth-quarter profit,  helped by higher revenue from its missile programs.
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Robust demand for military equipment and technology led two arms makers to post higher quarterly profit yesterday, with Boeing reporting a 78 percent jump in earnings despite a decline in commercial airplane revenue.
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NEW YORK  - No. 1 U.S. defense contractor Lockheed Martin Corp.  reported a 41 percent rise in quarterly profit on Tuesday, beating Wall Street forecasts, as demand soared for its combat aircraft and information technology services.
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Raytheon Co. reported a third-quarter  net profit on Thursday after a loss in the year-ago quarter.
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The company posted net earnings of $546 million on sales of corporate jets and combat vehicles and it raised its outlook for 2007.