Boeing and Northrop Say Profits Jumped in Quarter
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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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U.S. blue chips rose on Wednesday, as earnings by aircraft manufacturer Boeing Co.  beat forecasts and a robust report on economic growth reinforced optimism for the corporate profit outlook.
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Strong sales of aerospace and industrial control systems helped boost Honeywellâs second quarter profits.
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Diversified manufacturer Honeywell  International Inc. HON.N posted a rise in quarterly profit as  strong demand for aerospace equipment and automobile components  boosted revenues, the company said on Wednesday.
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US aerospace giant Boeing raises its forecasts for the year after unveiling higher-than-expected profits.
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B/E Aerospace Inc.  said on Monday that quarterly operating profit rose 78 percent on higher sales and bigger margins and the world's largest maker of plane seats raised its 2007 earnings outlook.
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Lockheed Martin and Northrop Grumman see profits surge, helped by orders for the wars in Iraq and Afghanistan.
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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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Robust demand for military equipment  and technology led four U.S. defense companies to post higher  quarterly profit on Wednesday, with jet maker Boeing Co. BA.N  reporting a 78 percent jump in earnings despite a decline in  commercial airplane revenue.
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Boeing Co.  said on Wednesday fourth-quarter profit more than doubled, easily beating Wall Street expectations, as it delivered more commercial aircraft than in the year-earlier quarter and its defense unit posted record sales.
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The company reported fourth-quarter net income on higher commercial airplane deliveries and strong growth in defense earnings, beating Wall Streetâs expectations.
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US Airways Group  and JetBlue Airways Corp.  posted quarterly profits on Tuesday, against year-ago losses, as they took advantage of strong travel demand and higher ticket prices.
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LOS ANGELES - Defense contractor Northrop Grumman Corp.&#39;s third-quarter earnings rose 51 percent due to strength from its mission systems, integrated systems and ships and space technology segments.
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Southwest Airlines and Continental Airlines posted higher quarterly earnings yesterday as fuller planes and fare increases helped offset soaring fuel costs.
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SAN FRANCISCO (CBS.MW) - Northrop Grumman said Wednesday its third-quarter profit rose 51 percent as higher sales of ships and missiles contributed to wider operating margins.
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Diversified manufacturer United Technologies Corp.  posted a rise in quarterly profit, helped by strong infrastructure demand and a recovery in its aerospace business, the company said on Wednesday.
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Boeing Co., the US aerospace giant, reported a 78 per cent jump in third-quarter earnings, buoyed by a strong defence business, and raised its estimate for full-year profits due to a favourable tax outlook.