Lockheed Martin Beats Estimates
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The worldâs largest military contractor posted earnings that beat expectations, but it said profit next year would be slightly below analystsâ estimate.
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The military contractor posted net income of $489 million, paced by sales gains at its shipbuilding and information technology units.
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The aerospace industry bounced back this year with record sales and the first upswing in employment in five years as a result of &quot;robust&quot; defense spending, according to an industry analysis released yesterday.
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Lockheed Martin Corp.  has won a contract worth $1 billion to build 23 more F-22 Raptor fighter aircraft plus one test aircraft, the Pentagon said on Tuesday.
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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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Boeing Co.  on Wednesday posted a 78 percent jump in quarterly earnings that beat Wall Street forecasts as stronger demand for its military networking and weapons systems helped offset a decline in commercial airplane revenue.
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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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LONDON : 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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Lockheed Martin Corp.  LMT.N has  received two U.S. Air Force contracts totaling $716 million to  continue work on its F/A-22 Raptor fighter jet, designed to be  the world's most capable, amid reports the $72 billion program  may be scaled back sharply, the company said Friday.
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Boeing Co.  said on Wednesday fourth-quarter profit more than doubled, beating Wall Street expectations, as it delivered more commercial aircraft than in the year-earlier quarter and its defense unit posted higher sales.
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Lockheed Martin Corp. won a multibillion-dollar contract yesterday to build a vehicle to replace NASA's space shuttles, put a human on the moon for the first time since 1972 and be the precursor to a manned spaceship to Mars.
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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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CHICAGO -- Boeing Co. said Wednesday its 4th-quarter earnings more than doubled due largely to robust commercial airplane and defense system business. The results beat Wall Street forecasts and sent the stock up nearly 5 percent in morning trading on the New York Stock Exchange.
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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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NEW YORK  - No. 1 U.S. defense contractor Lockheed Martin Corp.  reported a 41 percent rise in quarterly profit on Tuesday, beating Wall Street forecasts, as demand soared for its combat aircraft and information technology services.
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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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Defense contractor Lockheed Martin Corp. on Monday said it will record a fourth-quarter charge of $110 million, or 25 cents per share, related to a district court ruling concerning a dispute with the department of energy and the state of Idaho.