Northrop Profit Up on Military Spending
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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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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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Titan Corp. TTN.N, which provides  technology and translating services to the U.S. military, on  Wednesday reported a slightly higher quarterly profit.
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The European Aeronautic Defence and Space Company said that strong defence operations and increased Airbus orders had led it to lift its operating profit forecast for 2004 to more than 2.3 billion euros (3.0 billion dollars) from 2.2 billion previously.
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Raytheon said fourth-quarter profit rose 26 percent on higher foreign sales and electronics work for a new Navy ship.
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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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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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Defense contractor Raytheon Co.  RTN.N on Thursday said quarterly profit rose 16 percent,  helped by higher spending on its Patriot missile systems and  other military products and lower tax payments.
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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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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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Commercial truck maker Navistar  International Corp. NAV.N said on Thursday quarterly earnings  rose as it boosted sales and controlled costs.
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The increased spending on the military helped drive a sharp increase in profits at plane-maker Boeing and defence contractor Northrop Grumman during the third quarter.
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The British defence and aerospace giant BAE Systems posted an 18 percent rise in interim headline profits on the back of a strong performance in North America and by airplane maker Airbus.
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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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Boeing Co.  on Wednesday  reported a higher-than-expected second-quarter profit compared  with a year-ago loss, and raised its full-year forecast as it  ramped up delivery of its hot-selling commercial planes and  defense sales remained strong.
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Lockheed Martin Corp. yesterday reported a 41 percent increase in profit during its third quarter as fighter jet and information technology demand continued to drive growth.
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Humana, the biggest manager of health plans for the United States military, said yesterday that third-quarter profit rose 36 percent on higher revenue from Medicare and medical cost controls.