BAE Systems reports profits rise, warns on Airbus outlook
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British defence group BAE Systems has reported a 28-percent rise in interim profit while warning that European planemaker Airbus might have to raise extra cash from shareholders.
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The Lockheed Martin Corporation and the Northrop Grumman Corporation, two of the worldâs biggest military contractors, reported higher-than-expected second-quarter profit yesterday as a result of strong fighter jet, technology and satellite sales.
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US aerospace giant Boeing raises its forecasts for the year after unveiling higher-than-expected profits.
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The Dow Jones industrial average rose on Thursday after economic bellwether Honeywell International raised its profit forecast, offsetting doubts about whether a global plan to thaw credit markets could work.
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Defence firm BAE Systems sees a sharp rise in profits after strong US growth, but makes no comment on corruption probes.
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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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Lockheed Martin Corp , on Tuesday posted a third-quarter profit that beat Wall Street expectations, helped by higher sales of its jet fighters and electronic warfare systems, but it forecast profits for next year slightly below analysts' estimate.
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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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US aircraft and defence company Boeing reports a 78% jump in quarterly profits, driven by increased demand for equipment from the armed forces.
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CHICAGO -- Aerospace giant Boeing Co. reported a 78 percent jump in third-quarter earnings, buoyed by a strong defense business, and raised its estimate for full-year profits due to a favorable tax outlook.
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BAE Systems, Europe&#39;s largest defence firm, has reported a 4.5 percent rise in underlying operating profit, buoyed by higher Airbus plane deliveries.
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Boeing Co., the US aerospace giant, reported a 78 per cent jump in third-quarter earnings, buoyed by a strong defence business, and raised its estimate for full-year profits due to a favourable tax outlook.
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European Aeronautic, Defense &amp; Space Co., the controlling shareholder of Airbus SAS, expects 2005 earnings before interest, taxes, amortization and one-time items to rise 9.1 percent as sales of aircraft grow.
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PARIS, Nov 4  - The European Aeronautic Defence and Space Company reported Thursday that its nine-month net profit more than doubled, thanks largely to sales of Airbus aircraft, and raised its full-year forecast.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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US aerospace giant Boeing Co. reported a 78 per cent jump in third-quarter profits, buoyed by a strong defence business, as the company raised its estimate for full-year profits because of a favourable tax outlook.
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DEFENCE contractor BAE Systems today warned profit margins on its controversial 25-year-old Saudi contract, Al Yamamah, and weakening support work margins for the Ministry of Defence here would crimp earnings growth next year.