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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NEW YORK (CBS.MW) - Defense giant Lockheed Martin Corp. on Tuesday reported a sharp increase in third-quarter profit as sales rose in aerospace and most other key segments.
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Stocks to watch on Monday: LOCKHEED MARTIN CORP. :
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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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The company posted net earnings of $546 million on sales of corporate jets and combat vehicles and it raised its outlook for 2007.
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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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Defense contractor General Dynamics Corp.  could beat its 2007 earnings forecast amid robust demand for tanks and business jets, its chief executive said on Tuesday.
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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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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.
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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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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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Lockheed Martin Corp. defended itself Friday against criticism it was moving too slowly in investing $6 billion in Poland - a commitment that helped win the US company an order for 48 F-16 fighter jets over its European competitors.
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After a four-year competition, Lockheed Martin Corp. won a Navy contract worth up to $3.3 billion yesterday to develop satellites that could help soldiers and sailors communicate.
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Server and software maker says it beat targets, but laid off more workers than expected in the first quarter.
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A definite... maybe. Lockheed Martin (nyse: LMT - news - people ) Chief Executive Robert Stevens says the firm hasn&#39;t ruled out bidding on a contract to supply air tankers to the Air Force.
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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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Computer Associates International Ltd. , the software maker under government watch after an accounting scandal, on Wednesday posted better-than-expected quarterly results and said full-year earnings will exceed Wall Street estimates, helped by cost-cutting.