War Contracts Buoy Defense Companies
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General Dynamics of Falls Church yesterday said profit jumped 24 percent in the third quarter as spending on the wars in Iraq and Afghanistan continued to boost the bottom lines of many defense companies.
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When Halliburton was awarded contracts worth more than $12 billion for work in Iraq, critics said that the company was using its political connections to reap big profits.
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After decades on the sidelines, U.S. defense contractors are eyeing India's growing military budget and aging arsenal as a multibillion-dollar opportunity that could help offset a projected slowdown in Pentagon weapons spending and extend production lines for such items as the F-16 fighter.
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THE REGION Defense contractor Raytheon Co. said it received a Pentagon contract worth up to $15 billion to supply a program designed to combat illegal drugs. Under terms of the deal, the company's Raytheon Technical Services Co. division will provide equipment, material, and services to the Counter-Narcoterrorism Technology Program Office at the Department of Defense. Work began Aug. 24 and ...
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One of the biggest business beneficiaries of the war in Iraq is a little-known maker of specialty ceramics used in body armor.
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Northrop Grumman Corp. NOC.N's   Space & Mission Systems business unit is being awarded a U.S.   Navy technical services contract worth up to $686.1 million to   support the U.S. Joint Forces Command's warfighting center, the   Defense Department said on Friday.
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An international group led by Lockheed Martin Corp. received a $3 billion contract yesterday to develop a program that will eventually replace the Patriot missile system.
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Defense giant Raytheon Co. , stepping up its makeover from parts supplier to prime contractor, is vying for a contract worth up to $6 billion to provide the Army and Air Force with a product not usually associated with an electronics company: a cargo plane.
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Some of the Pentagon's largest contractors, including Boeing Co. and Lockheed Martin Corp., will begin a joint effort today to encourage development of technology standards that will ensure weapons systems of the future can communicate with each other. -The Washington Post
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Boeing's bottom line continues to fatten, even as its image tarnishes, thanks in part to the consolidation of the defense industry, which has left the Pentagon with few choices for buying weapons, industry analysts said.
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The defense contractor said second-quarter earnings rose on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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The Lockheed Martin Corporation and the Northrop Grumman Corporation, two of the worldâs biggest military contractors, reported higher-than-expected second-quarter profit yesterday as a result of strong fighter jet, technology and satellite sales.
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The Pentagon will hold a competition to replace its aging fleet of refueling tankers, potentially pitting aerospace giant Boeing Co. against its European rival in a multibillion-dollar military competition.
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With a growing economy and closer ties with the U.S., India has a growing military appetite which is attracting contractors seeking big arms deals.
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Bushmaster's settlement makes the weapons industry a target.
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KBR , a former unit of  Halliburton Co. , Dyncorp International Inc.  and  Fluor Corp.  were awarded parts of a U.S. Army contract  with a combined potential value of up to $150 billion to  provide services to the military in the Middle East.
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BAE Systems, the UK&#39;s largest defence contractor, has expanded further in the United States with the $600m (Â£489m) acquisition of DigitalNet Holdings, a leading IT supplier to the Pentagon.