Lockheed Earnings Climb 34 Percent
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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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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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Profit rose 34 percent, bolstered by AOL asset sales in Europe, a rise in digital cable and phone customers, and online advertising sales.
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Drugmaker Forest Laboratories Inc.  posted a 34 percent rise in quarterly profit on Tuesday, beating Wall Street estimates, helped by strong sales of its Alzheimer's disease medicine.
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Lockheed Martin Corp. will take a fourth-quarter after-tax charge of about $110 million, or about 25 cents per share, for damages and costs from a court decision rejecting its request to overturn a contract&#39;s termination, the No.
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Johnson Controls Inc. reported a 24% increase in fiscal fourth quarter earnings today, with the Glendale-based company riding continued strong sales to auto makers.
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Heavy equipment maker Caterpillar Inc.   posted better-than-expected quarterly earnings on  Friday and raised its outlook for the full year, bolstered by  strong sales to the mining industry.
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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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Defense contractor Raytheon Co.  on Thursday said quarterly profit rose 16 percent, helped by higher U.S. government spending on its military products and lower tax payments.
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The U.S. Air Force is awarding  Lockheed Martin Corp.  a $144.1 million contract for  materials that will be used in advanced F-16 fighter aircraft  bound for Pakistan, the U.S. Defense Department said on  Tuesday.
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Lockheed Martin Corp.  was awarded a $400 million contract for F-16 aircraft sales to several foreign countries and also won a $248 million contract to support the F-22 weapon system, the Pentagon said on Friday.
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Defense contractor General Dynamics  Corp. GD.N on Wednesday said third-quarter earnings surged 23  percent, led by a big rebound in its aerospace segment.
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Defense conglomerate General Dynamics Corp. said Wednesday that earnings rose 23 percent in the third quarter to $322 million, thanks to strong results across all its divisions.
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Lockheed Martin Corp. LMT.N, the No.  1 U.S. defense contractor, posted a 41 percent jump in  quarterly profit on Tuesday, beating Wall Street forecasts, as  demand climbed for its combat aircraft and information  technology services.
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Diversified manufacturer Johnson Controls Inc  said on Tuesday that quarterly earnings rose 29.4 percent, supported by growth in its building controls, battery and auto-parts businesses.
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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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Raytheon Co.  said on Thursday fourth-quarter profit rose 32 percent, meeting Wall Street's estimates, on strong sales of its air-to-air missiles and electronic battle systems.