Boeing, Northrop 3rd-Qtr Earnings Rise on US Military Demand
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Boeing Co. and Northrop Grumman Corp., the second- and third-biggest US defense contractors, said third- quarter earnings rose as the military boosted spending on equipment to help soldiers communicate and track enemies.
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U.S. blue chips rose on Wednesday, as earnings by aircraft manufacturer Boeing Co.  beat forecasts and a robust report on economic growth reinforced optimism for the corporate profit outlook.
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Sales of commercial aircraft boost profits at the US plane manufacturer Boeing as military sales fall.
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Defense contractor Raytheon Co.  RTN.N on Thursday said quarterly profit rose a  better-than-expected 20 percent, helped by higher spending on  its Patriot missile systems and other military products.
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Boeing Co.  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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Lockheed's third-quarter earnings rose 41 percent behind higher sales of military transport planes and an increase in the company's IT business.
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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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SAN FRANCISCO (CBS.MW) - Northrop Grumman said Wednesday its third-quarter profit rose 51 percent as higher sales of ships and missiles contributed to wider operating margins.
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Defense contractor Northrop Grumman Corp  said on Wednesday third-quarter profit rose more than expected, helped by strong sales at its information technology and shipbuilding units.
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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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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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CHICAGO : Aerospace giant Boeing reported a 78 percent increase in third-quarter profit on Wednesday and gave an upbeat forecast for the rest of 2004 and into 2005.
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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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Orders to US factories were far stronger in October than analysts expected, but almost all of the gain came from greater demand for military aircraft.
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Defense contractor Northrop Grumman Corp.  said on Wednesday quarterly profit rose 31 percent, helped by higher government spending on its electronic systems and lower pension costs.
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CHICAGO, Oct 27  - Aviation and defense giant Boeing said Wednesday its third-quarter profit shot up 78 percent from a year ago to 456 million dollars and gave an upbeat forecast for the rest of 2004 and into 2005.
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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.