Lockheed 2Q Earnings Rise 34 Percent
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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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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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Diversified manufacturer Textron Inc.  TXT.N on Thursday posted a higher quarterly profit and lifted  its full-year earnings estimate on a strong performance by its  Cessna business jet division, sending its shares up nearly 5  percent.
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Defense contractor Northrop Grumman Corp.  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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General Electric Co.  reported a 9.6 percent rise in quarterly earnings Friday, in line with Wall Street expectations, on strong demand for jet engines, gas turbines and other heavy equipment, sending its shares to a five-year high.
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Caterpillar Inc. CAT.N said on  Thursday quarterly earnings more than doubled on continued  strong demand for its heavy equipment.
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The manufacturerâs fourth-quarter profit jumped to $2.5 billion due to a large gain on the sale of its Bobcat machinery division, but results fell short of Wall Street forecasts.
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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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The 2.6 percent rise in second-quarter earnings overcame weak pricing in the Caribbean and higher fuel costs.
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Strong sales of aerospace and industrial control systems helped boost Honeywellâs second quarter profits.
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The U.S. Air Force is awarding  Lockheed Martin Corp.  a $144.1 million contract for  materials that will be used in advanced F-16 fighter aircraft  bound for Pakistan, the U.S. Defense Department said on  Tuesday.
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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.
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Second-quarter profit rose 16 percent as higher prices overshadowed an increase in advertising costs.
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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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The consumer electronics retailer said 2nd-quarter profit rose to $250 million on strong international results and tighter spending controls.
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Johnson Controls Inc. , on Tuesday said quarterly earnings rose 24 percent on growth in both its automotive interiors and building controls businesses.
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Continued improvement in its operational performance boosts second-quarter earnings.