Raytheon Profit Up on Military Spending
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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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Profits rise at BAE Systems after strong US growth, but it does not comment on corruption probes.
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Northrop Grumman (NOC:NYSE - news - research) Wednesday reported a sharply higher third-quarter profit, led by its mission systems units, and issued in-line full-year guidance.
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The defense contractor said second-quarter earnings rose on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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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  reported a higher-than-expected second-quarter profit compared  with a year-ago loss, and raised its full-year forecast as it  ramped up delivery of its hot-selling commercial planes and  defense sales remained strong.
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Defense contractor Raytheon Co.  on Thursday reported higher fourth-quarter profit, helped by higher revenue from its missile programs.
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Lockheed Martin Corp. LMT.N, the No.  1 U.S. defense contractor, posted a 41 percent rise in  quarterly profit on Tuesday, beating Wall Street forecasts, on  strong demand for its combat aircraft and information  technology services.
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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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Defense contractor Raytheon Co.   on Thursday reported higher fourth-quarter profit,  helped by higher revenue from its missile programs.
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General Dynamics of Falls Church yesterday said profit jumped 24 percent in the third quarter as spending on the wars in Iraq and Afghanistan continued to boost the bottom lines of many defense companies.
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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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Robust demand for military equipment and technology led four US defense companies to post higher quarterly profit on Wednesday, with jet maker Boeing Co.
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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 military contractor posted net income of $489 million, paced by sales gains at its shipbuilding and information technology units.
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Raytheon Co. said it plans to increase its dividend and repurchase $700 million in shares. The Waltham-based aerospace and defense giant increased its annual dividend 10 percent to 88 cents a share from 80 cents, starting with the first quarter of 2005. Raytheon said its board also authorized $700 million in share repurchases, which it expects to complete over 18 ...
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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.