Profits Higher at Military Contractors
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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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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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Profits rise at BAE Systems after strong US growth, but it does not comment on corruption probes.
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NEW YORK -- Defense electronics contractor L-3 Communications Holding Inc.&#39;s earnings jumped 35 percent in the third quarter on strong sales growth across most of its business lines.
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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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WASHINGTON -- Lockheed Martin Corp., the world's largest defense contractor, said Tuesday that second quarter earnings rose 34 percent on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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Boeing Co. BA.N 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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Titan Corp. , which provides technology and translating services to the U.S. military, on Wednesday reported a slightly higher quarterly profit.
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the defense contractor said gains in its space, information technology and electronic systems units made up for a dip in sales of fighter jets.
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Top-tier defense contractors Northrop Grumman Corp  and General Dynamics Corp  posted higher third-quarter profit on Wednesday and raised their financial forecasts on the back of strong U.S. military spending.
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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 oil field contractor said second-quarter net income more than doubled on a gain from selling its government services and construction subsidiary, KBR.
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No. 1 U.S. defense contractor Lockheed  Martin Corp. LMT.N 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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Defense contractor Raytheon Co.  on Thursday reported higher fourth-quarter profit, helped by higher revenue from its missile programs.
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Northrop Grumman Corp. NOC.N  reported higher third-quarter earnings on Wednesday and an 11  percent increase in sales on strength in its mission systems,  integrated systems, ships and space technology businesses.
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U.S. Military Contractors Have High Hopes for Sales on the Subcontinent
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Lucrative Defense Department contracts, gained partly through acquisitions, helped boost CACI International Inc.'s first-quarter revenue and profit.