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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Defense contractor Northrop Grumman  Corp. NOC.N said on Wednesday quarterly profit rose 31  percent, helped by higher government spending on its electronic  systems and lower pension costs.
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Defense contractor BAE Systems PLC reported a 28 percent gain in first-half net profit Wednesday, with a boost from its expanding operations in the United States.
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BAE Systems, Europe&#39;s largest defence firm, has reported a 4.5 percent rise in underlying operating profit, buoyed by higher Airbus plane deliveries.
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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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Lucrative Defense Department contracts, gained partly through acquisitions, helped boost CACI International Inc.'s first-quarter revenue and profit.
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Lockheed Martin Corp. LMT.N, the No.  1 U.S. defense contractor, posted a 41 percent rise in  quarterly profit on Tuesday, beating Wall Street forecasts, on  strong demand for its combat aircraft and information  technology services.
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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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Boeing Co  said on Wednesday fourth-quarter profit rose a greater-than-expected 4 percent, as higher deliveries of its commercial aircraft offset a dip in military sales due to the creation of a satellite launch joint venture.
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Aerospace giant Boeing Co. reported a 78 percent jump in third-quarter earnings, buoyed by a strong defense business, and raised its estimate for full-year profits due to a favorable tax outlook.
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Titan Corp. , which provides technology and translating services to the U.S. military, on Wednesday reported a slightly higher quarterly profit.
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Lockheed Martin Corp., the No. 1 U.S.  defense contractor, on Thursday posted an 8 percent jump in  quarterly profit, helped by sales of Patriot missiles and other  products made by its electronic systems business.
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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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WASHINGTON  Â The General Dynamics Corporation, the military contractor, said Wednesday that higher sales of combat vehicles to the Army and of corporate jets pushed fourth-quarter earnings up 42 percent.
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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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Third-quarter profit, helped by sales of jet fighters and electronic warfare systems, beat Wall Street expectations, but the companyâs forecast for next year was slightly below analystsâ estimates.
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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.