Boeing profit rises on aero, arms sales
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Boeing Co  said on Wednesday fourth-quarter profit rose, helped by strong sales of its commercial aircraft.
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Boeing Co.  on Wednesday reported a higher third-quarter profit on revenue growth in its defense business and strong performance in its commercial aircraft building operations, and said it raised its earnings forecast for 2004.
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US aerospace giant Boeing raises its forecasts for the year after unveiling higher-than-expected profits.
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Goodrich Corp. GR.N on Monday said  quarterly profit rose 61 percent, as the recovery in commercial  aerospace helped boost sales of its brakes and landing gear to  Boeing Co. BA.N and Airbus EAD.PA.
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Lockheed Martin Corp , said on Tuesday third-quarter profit rose a greater-than-expected 22 percent, and it slightly raised its full-year earnings forecast, on the back of higher sales of its jet fighters and electronic warfare systems.
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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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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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Boeing Co. BA.N said on Friday it  delivered 67 commercial airplanes in the third quarter, up two  from the same quarter a year ago.
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Boeing Co  said on Wednesday third-quarter profit rose more than expected, helped by higher deliveries of commercial planes, but it scaled back its revenue forecast for next year due to delays on its 787 Dreamliner.
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European aerospace group EADS reports higher-than-expected profits, boosted by sales in its Airbus plane-making subsidiary.
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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. on Wednesday topped Wall  Street expectations with a 78 percent jump in quarterly profit  on strength in its defense operations, and raised its earnings  forecast for 2004.
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Defense contractor Raytheon Co.  on Thursday reported higher fourth-quarter profit, helped by higher revenue from its missile programs.
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The company said third-quarter profit rose more than expected, boosted by higher aircraft deliveries, but it scaled back next yearâs forecast due to delays on its 787 Dreamliner.
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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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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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Raytheon Co. reported yesterday it swung to a profit in the third quarter and that revenue surged 13 percent, benefiting from rising military spending and more orders for its business jets.