Aerospace firms' sales, jobs climb
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The aerospace industry bounced back this year with record sales and the first upswing in employment in five years as a result of &quot;robust&quot; defense spending, according to an industry analysis released yesterday.
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Northrop Grumman Corp. (NOC.N: Quote, Profile, Research) reported higher third-quarter earnings on Wednesday and an 11 percent increase in sales on strength in its mission systems, integrated
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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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Northrop Grumman Corp. NOC.N  reported higher third-quarter earnings on Wednesday and an 11-  percent increase in sales on strength in its mission systems,  integrated systems, ships and space technology businesses.
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Defense contractor General Dynamics Corp.  on Wednesday said third-quarter earnings surged 23 percent, led by a big rebound in its aerospace segment.
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Defense contractor General Dynamics  Corp. GD.N on Wednesday said quarterly earnings rose 20  percent, helped by sales at its Gulfstream jet business.
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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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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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Net income at the manufacturer grew 14 percent to $618 million, driven by growth in sales to commercial, defense and space markets.
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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 Northrop Grumman Corp  said on Wednesday third-quarter profit rose more than expected, helped by strong sales at its information technology and shipbuilding units.
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European equity markets have steadied as the aerospace sector drew investors' attention, following another overnight record for Wall Street's Dow Jones index.
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U.S. factory orders rose at the  fastest rate in four months during November as strong demand  for new commercial aircraft pushed business up by 1.2 percent  to a seasonally adjusted $377.42 billion, the Commerce  Department said on Tuesday.
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Lockheed's third-quarter earnings rose 41 percent behind higher sales of military transport planes and an increase in the company's IT business.
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European equity markets have advanced after Wall Street's Dow Jones shares index hit an overnight record on plunging energy prices, but the aerospace sector flew into turbulence, dealers said.
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Roaring demand for civilian planes added thrust to the US manufacturing sector in July, government figures showed, an encouraging sign for factories.
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The latest monthly data has carriers' shares lifting higher.