Profits Higher at Military Contractors
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Military contractors Northrop Grumman and General Dynamics posted higher third-quarter profit and raised their financial forecasts due to strong Pentagon spending.
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Boeing Co. BA.N on Wednesday posted  a 78 percent jump in quarterly earnings that beat Wall Street  forecasts as stronger demand for its military networking and  weapons systems helped offset a decline in commercial airplane  revenue.
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Defense contractor General Dynamics Corp. said Wednesday a strong performance at the company&#39;s aerospace division helped net income rise 23 percent in third quarter from a year earlier.
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Defense contractor Raytheon Co.  RTN.N on Thursday said quarterly profit rose 16 percent,  helped by higher spending on its Patriot missile systems and  other military products and lower tax payments.
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Profits at oil services firm Halliburton more than double to $1.5bn after its split from subsidiary KBR.
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Northrop Grumman (NOC:NYSE - news - research) Wednesday reported a sharply higher third-quarter profit, led by its mission systems units, and issued in-line full-year guidance.
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Lockheed Martin Corp  said on Thursday fourth-quarter profit rose, helped by strong sales of its electronic warfare and space systems.
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WASHINGTON -- Lockheed Martin Corp., the world's largest defense contractor, said Tuesday that second quarter earnings rose 34 percent on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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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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Top-tier defense contractors Northrop Grumman Corp  and General Dynamics Corp  posted higher third-quarter profit on Wednesday and raised their financial forecasts on the back of strong U.S. military spending.
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Defense contractor Northrop Grumman  Corp. NOC.N said quarterly profit rose 31 percent, helped by  higher government spending on its military equipment and  anthrax-screening products, plus the effect of lower pension  costs.
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The increased spending on the military helped drive a sharp increase in profits at plane-maker Boeing and defence contractor Northrop Grumman during the third quarter.
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The military contractor posted net income of $489 million, paced by sales gains at its shipbuilding and information technology units.
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US aerospace giant Boeing Co. reported a 78 per cent jump in third-quarter profits, buoyed by a strong defence business, as the company raised its estimate for full-year profits because of a favourable tax outlook.
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WASHINGTON -- Defense contractor Lockheed Martin Corp. on Thursday said profits rose 10 percent in the fourth quarter, as gains in its space, information technology and electronic systems units made up for a dip in sales of fighter jets.
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Defense contractor Raytheon Co.  on Thursday reported higher fourth-quarter profit, helped by strong sales of its missile systems and other military electronics.
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Fourth-quarter earnings jumped 64 percent, due in part to a $214 million gain from a tax benefit, as well as more streamlined operations at the military contractor.