Lockheed Martin Profit Rises, Helped by Missiles
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Lockheed Martin Corp., the No. 1 U.S.  defense contractor, on Thursday posted an 8 percent jump in  quarterly profit, helped by sales of Patriot missiles and other  products made by its electronic systems business.
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Lockheed Martin Corp , the world's largest defense contractor, said on Tuesday third-quarter profit rose 22 percent, helped by higher sales of its jet fighters and electronic warfare systems.
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Boeing Co. BA.N 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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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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Lockheed Martin Corp , the  world's largest defense contractor, said on Tuesday  third-quarter profit rose 22 percent, helped by higher sales of  its jet fighters and electronic warfare systems.
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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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General Electric Co. GE.N on Friday  posted an 18 percent rise in quarterly profit, driven by  broad-based growth as it won new jet engine service contracts  and had solid orders for ultrasound equipment.
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European Aeronautic, Defense &amp; Space Co., Europe&#39;s largest aerospace company, more than tripled third- quarter net income and raised its 2004 earnings forecast because Airbus delivered more planes and the space unit posted a profit.
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BAE Systems sees profits rise as sales of aircraft at Airbus, in which it owns a stake, increase in the first half of 2004.
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Commercial truck maker Navistar  International Corp. NAV.N said on Thursday quarterly earnings  rose as it boosted sales and controlled costs.
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BAE Systems, the largest military contractor in Europe, said profit tripled last year as a result of expanded operations in the United States and the sale of its stake in the commercial airplane maker Airbus. BAE added that it expects continued strong growth this year, supported by increased military spending by the United States. BAE said profit last year rose to Â£1.64 billion ($3.2 billion) from Â£553 million in 2005. Revenue from continuing operations rose 9 percent, to Â£13.77 billion ($26.9 billion). The chief executive, Michael J. Turner, above, said BAE planned to use income from the sale of its stake in the European Aeronautic Defense and Space Company, the parent of Airbus, to make acquisitions.
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Two large military contractors, the Lockheed Martin Corporation and the Northrop Grumman Corporation, reported higher fourth-quarter profits on Thursday, both citing strong military and civil electronics business.
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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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WASHINGTON -- Defense contractor Lockheed Martin Corp. on Thursday said profits rose 10 percent in the fourth quarter, as gains in its space, information technology and electronic systems units made up for a dip in sales of fighter jets.
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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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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 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.